MTN Nigeria Communication Plc in its recently published Third Quarter report for the period ended 30 September 2024 declared a loss of N514.93 billion.
The Telecom giant reported revenue of N2.37 trillion for the 9 months period, up by 33.69% from N1.77 trillion reported the previous year.
The Group recorded loss after tax of N514.929 billion for the 9 months period as against the loss after tax of N14.989 billion reported the previous year. The massive loss is attributable to Finance Cost of N303.37 billion and Foreign Exchange Loss of N904.93 billion.
Earnings per share of MTN stands at NEGATIVE N24.53.
At the share price of N175.1, the P/E ratio of MTN Nigeria stands at NEGATIVE 7.14x with earnings yield of NEGATIVE 14.01%.