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MarketScreener Homepage  >  Equities  >  Nigerian Stock Exchange  >  MTN Nigeria Communications PLC    MTNN   NGMTNN000002

MTN NIGERIA COMMUNICATIONS PLC

(MTNN)
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MTN Nigeria 1st Half Pretax Profit Fell

07/30/2020 | 01:55am EST

By Anthony O. Goriainoff

 

MTN Group Ltd. said Thursday that pretax profit for its Nigerian business fell 2% for the first half of the year as lockdowns due to the coronavirus were implemented in the second quarter, and that it remained confident in the resilience of the business despite the continued threat of the pandemic.

The South Africa-based telecommunications company said that, for the six months ended June 30, MTN Nigeria Communications Ltd. made a pretax profit of 139.6 billion Nigerian naira ($357.8 million).

Earnings before interest, tax, depreciation and amortization rose 8.2% to NGN327.1 billion, the company said.

Mobile subscribers rose by 6.8 million to 71.1 million during the period, with 3.8 million new active data users bringing the total to 29.0 million.

The board approved an interim dividend of 3.50 kobo a share. 100 kobo equals 1 Nigerian naira.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.18% 498.46 Delayed Quote.-7.38%
DOW JONES SOUTH AFRICA(ZAR) 0.01% 1719.55 Delayed Quote.-4.85%
MTN GROUP LIMITED 2.35% 69.28 End-of-day quote.-16.01%
MTN NIGERIA COMMUNICATIONS PLC 0.00% 153 End-of-day quote.45.71%
S&P AFRICA 40 INDEX 0.37% 161.54 Delayed Quote.-6.82%
All news about MTN NIGERIA COMMUNICATIONS PLC
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09/30MTN NIGERIA COMMUNICATIONS PLC : 3rd quarter report
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09/02MTN NIGERIA COMMUNICATIONS PLC : Nomination
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08/31Nigeria sets capital rules for mobile money licences
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07/30MTN Nigeria 1st Half Pretax Profit Fell
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07/29MTN NIGERIA COMMUNICATIONS PLC : Half-year results
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More news
Financials
Sales 2020 1 331 B 3 532 M 3 532 M
Net income 2020 204 B 540 M 540 M
Net Debt 2020 - - -
P/E ratio 2020 14,1x
Yield 2020 5,28%
Capitalization 3 114 B 8 179 M 8 262 M
Capi. / Sales 2020 2,34x
Capi. / Sales 2021 2,12x
Nbr of Employees 1 870
Free-Float 11,5%
Chart MTN NIGERIA COMMUNICATIONS PLC
Duration : Period :
MTN Nigeria Communications PLC Technical Analysis Chart | MTNN | NGMTNN000002 | MarketScreener
Technical analysis trends MTN NIGERIA COMMUNICATIONS PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 171,03 NGN
Last Close Price 153,00 NGN
Spread / Highest target 34,7%
Spread / Average Target 11,8%
Spread / Lowest Target -2,38%
EPS Revisions
Managers
NameTitle
Ferdi Moolman Chief Executive Officer & Executive Director
Ernest Chukwuka-Anene Ndukwe Executive Chairman
Mazen Mroue Chief Operating Officer
Modupe Agbolade Kadri Chief Financial Officer & Executive Director
Mohammed Rufai Chief Technical Officer
Sector and Competitors