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MTNN Nig Plc posts profit of N97 billion for Q1 2022

Karl Toriola, CEO, MTN Nigeria

Karl Toriola, CEO, MTN Nigeria

Telecommunications company, MTN Nigeria Plc has released its Q1 2022 financial results revealing a profit of N97 billion. This reflects a whopping 31.28% increase compared to N74 million in the corresponding period of 2021.

The period in review witnessed impressive returns from the company’s segments which are Voice, Data, Interconnect & Roaming, SMS, Digital, Value-added services, and other revenue lines.

Key highlights o the result

MTN Nigeria Plc had declared a dividend of N8.57 kobo for FY 2021, which was paid on April 28, 2022, while Earnings per share for the Q1 2022 period is N4.76, a 31.49% growth from N3.62 in Q1 2021.

The company last traded at N214.00 per share and has appreciated by 8.63% from year-to-date. Subscribe to the Nairametrics Stock Select Newsletter to access our stock pick.


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