MTN Nigeria secures approval to cancel 7.5bn unissued shares

Adebayo Obajemu

MTN Nigeria in its published audited report for the year ended 31 December 2020 reported a turnover of N1.34 trillion. This translates to 15.09% growth year on year from the turnover of N1.17 trillion reported in 2019.

The telecom giant posted the profit after tax of N205.214 billion, up by 0.95% from N203.283 billion reported the previous year.

Earnings per share increased to N10.08 from the EPS of N9.99, which translates to 0.95% growth year on year.

At the share price of 174, the P.E ratio of MTN Nigeria stands at 17.26x with earnings yield of

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