MTN Nigeria boosts Q2 2021 profit by 49.48%

MTN Nigeria Communications Plc has published is Second Quarter report for the period ended 30 June 2021.

The Telco giant achieved year on year growth in its top line and bottom line figures for the period under review.

MTN reported a turnover of N791.263 billion, up 24.01% from N638.075 billion reported the previous year.

Profit after tax grew by 49.48% to N141.827 billion from N94.879 billion reported in Q2 2020.

Earnings per share increased to N6.97 from the EPS of N4.66, which translates to 49.48% growth year on year.

At the share price of N165, the P.E ratio of MTN stands at 23.68x with earnings yield of 4.22%.

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