28 July 2019: MTNN displays an outstanding result in their financial report released ending June 30, 2019.
Overall the group displays a 12% increase in revenue in comparison to June 30, 2018, courtesy a significant revenue increase in all three broad reportable segments: Consumer Business Unit ( CBU ), Enterprise Business Unit ( EBU ) and Wholesale Business Unit ( WBU ).
This translated to a 40% jump in the Operating Profit, as compared to June 2018. But, due to a decrease in the financial income of the group, and an increase in the financial costs, the Profit Before tax boasted of a mere 30% jump.
Income tax expense for the year also increased, but they relished with a 34% increase in the Net Profit ad compared to June 2018, which is truly commendable.
The group’s earnings per share also rose to 4.86 from 3.61 in June 2018.
The market capitalisation of the group stands at a whopping 2,626,749,903 with the share price at the time of writing is N 127.
They also declared an interim dividend of N 2.95 Kobo per 2 Kobo ordinary shares.
Reporting for EasyKobo on Sunday , 28 July 2019 in Lagos, Nigeria