MTN Nigeria Communications Plc reported an impressive Q1 result for the period ended 31 March 2021. The telecom giant achieved growth in its topline and bottom line figures when compared to the figures reported in Q1 2020.
Turnover of MTN grew by 17.06% to N385.318 billion from N329.171 billion reported in Q1 2020.
Profit after tax in in Q1 2021 increased by 42.53% to N73.748 billion from N51.743 billion reported in Q1 2020.
Earnings per share (EPS) of MTN increased to N3.62 from the EPS of N2.54 reported in Q1 2020.
At the share price of N174.9, the P.E ratio of MTN stands at 48.27x with earnings yield of 2.07%.