tiprankstipranks
Company Announcements

Millicom Reports Strong Financial Turnaround in 2024

Millicom Reports Strong Financial Turnaround in 2024

Millicom International Cellular SA (TIGO) has released an update.

Millicom International Cellular S.A. reported a significant turnaround in its financial results for the first nine months of 2024, with a net profit of $217 million compared to a loss of $88 million in the same period last year. The company’s revenue increased to $4,376 million, reflecting improved operational efficiency and strategic investments. This positive momentum highlights Millicom’s robust performance and potential growth opportunities in the telecommunications sector.

For further insights into TIGO stock, check out TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App