Millicom International Cellular SA ( (TIGO) ) has shared an announcement.
Millicom International Cellular S.A. reported its financial results for the year and fourth quarter ending December 31, 2024. The company achieved a net profit of $268 million for the year, a significant improvement from a loss of $245 million in 2023. The revenue for the year increased to $5.804 billion from $5.661 billion in 2023, indicating a positive trend in its financial performance. The operating profit also rose to $1.342 billion from $826 million the previous year. These results reflect Millicom’s strengthened position in the telecommunications market, driven by effective cost management and strategic investments in its core operations.
More about Millicom International Cellular SA
Millicom International Cellular S.A. operates in the telecommunications industry, providing mobile and cable services primarily in Latin America. The company focuses on offering digital lifestyle services, including mobile, broadband, and cable television, aiming to enhance connectivity in emerging markets.
YTD Price Performance: 9.44%
Average Trading Volume: 306,205
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.5B
See more data about TIGO stock on TipRanks’ Stock Analysis page.