NIGERIA’S Mass Telecom Innovation (MTI) Plc has released a positive set of results for the first quarter of the year ending March 31.
The telecoms services company said among the highlights of the results were turnover for the period increasing by 27.73 percent, from N430.58 million in the same period of 2008 to N549.99 million in 2009.
In a brief, the company said profit before tax was up from N32.75 million to N50.72 million while after tax profit increased from N22.92 million in 2008 to N35.51 million in 2009.
MTI is one of several companies listed on the Nigerian Stock Exchange.
It started operations in the year 2002 as an Information Communication and Technology (IC T) Company duly registered by Corporate Affairs Commission (CAC) and licensed with the Nigerian Communication Commission (NCC) to provide a broad spectrum of world-class telecommunication products and services especially in the areas of sales, installation and maintenance of telecommunication switching and transmission equipment such as telephone exchange s, (Switches, Gatekeepers, GSM Base Transceiver stations) V-SATs, Carrier Grade Microwave Radios, Copper and Fibre Optic cable splicing and termination to corporate organizations.
The company has grown steadily by building capacities harnessing local expertise and international skills in project management and financing. At the moment, MTI h as forged technical support relationship with Italtel of Milan, Planeta LUZ of Brazil (Joint Venture arrangement), Beijing Rosenberger , China (Market representation) and Eastcom , China (market Representation).