MTN Nigeria Communications Plc released its third quarter financial report on October 28th, 2020. The telecommunication company grew its Topline figures by 13.92% to close the period at 975.763 billion against the previous close of N856.549 billion in Q3’19.

The Profit before tax of the company closed at 211.594 billion, down by 0.62%, when compared with its previous close of N212.905 billion in quarter three of 2019.

The communication giant declined its Profit after tax by 3.34% to close at N144 billion away from the previous close of N149 billion in the preceding period of 2019.

Earnings per share for the period under review stood at N7.09, shedding 3.34% from EPS of N7.33 quarter three in 2019.

With reference to the share price of N140.00, P.E ratio of MTN stands at 19.76x with earnings yield of 5.06%.