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