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(From Business Day (South Africa))
Byline: Lesley Stones
MTN figures show very few hiccups despite erratic local performance Information Technology Editor MTN has bounced back from a temporary dip in South African subscriber numbers to claim a pan-African customer base of 24,4-million, generating a net profit of R5,39bn in the six months to June 30.
For every R1 spent by its customers MTN retains 42,9c, a profit margin that is steadily rising to make the cellular operator even more lucrative than in previous years. Now the money machine is poised to become much larger, as the operations acquired in its $5,5bn takeover of Investcom will be reflected …