Karl Tariola- highest paid CEO in Nigeria - The Street Journal thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.
MTN Announces Sale Of 575 million shares to retail investors at N169/share – Igbere TV igberetvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from igberetvnews.com Daily Mail and Mail on Sunday newspapers.
MTN Nigeria Communications Plc reported an impressive 42.5% increase in its Q1 2021 profit after tax, it still had a few issues to worry about. Said worries stemmed from the dramatic declines in the telcoâs mobile subscribers and active data users, as you shall see shortly.
An Overview of MTN Nigeriaâs Q1 2021 Financials
Chief Executive Officer, Karl Toriola, wasnât wrong when he commented on the companyâs Q1 financial performance saying: âWe made good progress in the first quarter of 2021 despite the continued impact of the COVID-19 pandemic.â This is because total revenue for the period increased significantly by 17.2% to N385.1 billion, up from N328.5 billion during the comparable period last year. Similarly, profit after tax surged by 42.5% to N73.7 billion when compared to N51.7 billion in Q1 2020.