MTN Nigeria rakes in N2trn as revenue in 12 months, proposes N10 as final dividend

MTN Nigeria Communication Plc has proposed a final dividend of N10 to its shareholders for the year ended 31 December 2022. This is in addition to the interim dividend of N5.60.

The telecom giant reported a turnover of N2.01 trillion for the N12 month period, up by 21.64% from N1.65 trillion reported the previous year.

Profit after tax grew year on year by 20.16% to N358.88 billion from N298.65 billion reported the previous year.

Earnings per share of MTN stands at N17.63.

At the share price of N225, the P/E ratio of MTN stands at 12.76x with earnings yield of 7.84%.

The qualification date for the proposed dividend is 27th of March 2023.

The Register of Shareholders will be closed from March 28, 2022. Payment date is on April 20, 2023.

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