MTN Nigeria in its published audited report for the year ended 31 December 2020 reported a turnover of N1.34 trillion. This translates to 15.09% growth year on year from the turnover of N1.17 trillion reported in 2019.
The telecom giant posted the profit after tax of N205.214 billion, up by 0.95% from N203.283 billion reported the previous year.
Earnings per share increased to N10.08 from the EPS of N9.99, which translates to 0.95% growth year on year.
At the share price of 174, the P.E ratio of MTN Nigeria stands at 17.26x with earnings yield of 5.79%.
A final dividend of N5.90 per 2 kobo ordinary shares has been proposed to shareholders by the Board of Directors of MTN Nigeria Communications Plc, subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the Register of Members at the close of business on May 4, 2021.