Leading telecoms services provider, MTN Nigeria Plc, has disclosed its unaudited second-quarter (Q2) 2019 financial performance which shows an impressive 34.8% increase in profit. The details of the financial disclosure can be seen below.

Unaudited Revenue: MTN Nigeria’s revenue for the period under review stood at N566.9 billion, as against N505.6 billion during the same period in 2018. This indicates a 12% increase in revenue.

Profit Before Tax: This stood at N141.8 billion in H1 2019 as against N108.3 billion in H1 2018, indicating an increase of 30.9%.

Profit for the period: MTN Nigeria’s profit for the period is N98.9 billion as against N73.3 billion in H1 2018. This marks a 34.8% increase.

Earnings per Share (basic/diluted) stood at N4.86 in H1 2019 compared to N3.61 in H1 2018.

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MTN Nigeria Plc’s shares are currently trading at N125 on the Nigerian Stock Exchange.

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Emmanuel holds an MSc. in International Relations and a B.A in Philosophy & Logic, both from the University of Ibadan. He is a communications professional. As a Lead Business Analyst at Nairametrics, he focuses mostly on quoted companies, their products/services, and the economy in which they operate. Emmanuel is also experienced in the areas of corporate communication, brand communication, corporate storytelling, public relations, business research, management/strategy, etc. You may contact him via his direct cell phone line 09023017285 or his email- emmanuel.abara@nairametrics.com.

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