MTN Nigeria Communications Limited on Friday, 31st of May, 2019, released its audited financial report for the year ended, December 31, 2018.
The telco giant posted a turnover of N1.039 trillion, up by 17.13% when compared to the previous turnover of N887 billion recorded in 2017.
Profit after Tax (PAT) for 2018 financial year soared by 79.70%, closing at N145.69bn as against the previous PAT of N81.07bn in 2017.
With shares outstanding of 20.35 billion, the earnings per share (EPS) of MTN Nigeria for full year 2018 was N7.16, up by 79.70% when compared with the EPS of N3.98 in 2017.
Relative to the current share price of N136.5, the P.E ratio of MTN Nigeria stands at 19.07x with earnings yield of 5.24%.