BUSINESS

MTNN Share Price Appreciates By 2.60% To Close Week At N197

MTNN Plc share price has appreciated by 2.60% to close at N197.00 per share, taking its market capitalization to N4.00 trillion at the end of last week’s trading session.

The telcommunication market capitalization was N763 billion, lower than that of its competitor, Airtel Africa.

MTNN Plc is the third-most capitalized company on the Nigerian Exchange (NGX).

NewsBeatng reports that the company released its Q3 2022 financial result, reflecting a 21.9% growth in revenue to stand at N504.8 billion for the period, from N414.05 billion, while profit after tax grew by 11.4% from N78.48 billion in H1 2021 to N87.41 billion in the current period.

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