A member here dropped a comment, trying to explain the difference between “most profit” and “most profitable”, and making a point that the chart of “Most Profitable” public companies in Nigeria might not have been ranked well. He concluded: “Profitability essentially is total profit as a percentage of Enterprise value/Capital Invested. On that basis I suspect the banks on this list are more profitable than all the others.” The chart is here.
Did you notice something in the comparison? Airtel Africa has very poor margins. A recommendation could be for it to exit some markets when you see what MTN Nigeria is doing in Nigeria. Indeed, why destroy margins in some markets in Africa, assuming its Nigerian operations are well optimized!
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