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MTN Nigeria Plc Experiences A Surge In Profit By 43% To N73.7 billion In Q1 2021

MTN Nigeria Communications Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N385.3 billion.(+17.06% YoY)
  • Direct networking operating costs of N93.9 billion. (+30.2% YoY)
  • Employees benefit was N9.32 billion. (+0.5% YoY)
  • Profit for the period was N73.7 billion. (+42.5% YoY)
  • Net assets per share for the period was N12.4
  • Earnings per share of N3.6 Vs N2.5 YoY

I will be recalled that MTN Nigeria Communications Plc (MTN Nigeria) experienced  a revenue increase by 14.7 %  when it released its audited financial results for the financial year ended December 31, 2020.

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