Stories by Babajide Okeowo
MTN Nigeria Plc last week released its 2019 unaudited financial results, which showed at N2.95 for each unit of 20.3bn outstanding shares, a total of N60.045bn will be paid to the shareholders whose names appear in the Register of Member as at the close of business on August 8, 2019 subject to withholding tax and ratification.
The Telecom giant grew its Profit after Tax for the first half of 2019 by 34.79 % to close at N98.9 billion away from the previous PAT of N73.3 billion recorded in 2018.
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The company’s half-year result released by the Nigerian Stock Exchange (NSE), revealed a total Turnover of N566.9bn, growing by 12.12% away from N505.6bn recorded in the preceding period of 2018.
The results also showed that the Profit Before Tax (PBT) rose by 30.86% to about N141.7 billion from about N108.3 billion in 2018, bringing the profit for the year after tax to N98.9 billion in the current period from 2018’s N73.3 billion.
The earnings per share appreciated by 34.97% from previous year’s N3.61 to current year’s N4.86.
The current period’s PE Ratio is at 25.72x; while the earnings yield stands at 3.89% with a reference stock price of N125.00 at the released time of computation.
