The Audited Financial Statements of MTN Nigeria Communication Plc for the year ended 31 December 2024 shall revealed the Company incurred loss after tax of N400 billion for the 12 months period.
The telecom giant reported revenue of N3.358 trillion for the 12 months period, up by 36.03 % from the revenue f N2.469 trillion reported the previous year.
Loss after tax of N400.435 billon was reported against the loss after tax of N137.021 billion reported in FY 2023.
Earnings per share of MTN Nigeria stands at NEGATIVE N19.07.
At the share price of N264.2, the P/E ratio of MTN Nigeria stands at NEGATIVE 13.85x with earnings yield of NEGATIVE 7.22%.
No dividend was declared for the year under review.
MTN Nigeria CEO, Karl Toriola comments stated thus:
“We are encouraged by the resilience of our business in FY 2024, which reflects our strong commitment to driving growth and managing costs. Despite facing significant macroeconomic headwinds, including recordhigh inflation, as well as ongoing currency and energy price volatility, we remained focused on executing our strategy and creating long-term value for our stakeholders. We are grateful to the authorities for the recent approval of tariff adjustments, which are essential for our industry’s sustainability and crucial for addressing our negative capital position”.
Source: MTN Nigeria’s revenue hits N3.36 trillion in FY 2024, declares N400bn loss after tax – StocksWatch
