Home Business MTN Nigeria declares N60 billion interim dividend

MTN Nigeria declares N60 billion interim dividend

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MTN Nigeria Communications Plc will be distributing N60 billion as interim cash dividend to shareholders.

Shareholders will receive a dividend per share of N2.95 for the first half ended June 30, 2019.

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Key extracts of the six-month report showed that profit before tax rose by 30.86 per cent to N190.4 billion in first half 2019 as against N108.35 billion recorded in comparable period of 2018.

Profit after tax grew by 34.79 per cent from N73.4 billion to N98.93 billion. Total turnover had grown by 12.12 per cent to N566.95 billion as against N505.67 billion.

Operating profit had risen by 39.49 per cent from N136.50 billion to N190.4 billion. Earnings per share rose by 34.79 per cent to N4.86 compared with N3.61.

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