MTN Nigeria declared a turnover of N856 billion in its third quarter financial report for the period ended September 30, 2019. This implies 12.04% growth in turnover when compared to N764.5 billion turnover recorded in the third quarter of 2018.
Profit after tax grew by 28.94%, closing at N148.32 billion from the previous close of N115.03 billion in 2018.
Earnings per share for the period under review is N7.29, up by 28.94% from the previous earnings per share of N5.65 in the third quarter of 2018.
With reference to the share price of N146, the P. E ratio of MTN Nigeria stands at 17.43x with earnings yield of 5.74%.