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MTN’s 2019 Half year revenue was N566.9 billion
Half year profits was N98 billion
Its shareholders equity is N101.3b
Return on Equity is 95% (half year only).
Tell me why this isn’t God owns Company??
Half year profits was N98 billion
Its shareholders equity is N101.3b
Return on Equity is 95% (half year only).
Tell me why this isn’t God owns Company??
MTN total assets is about N1.48 trillion and return on assets of 6.6%.
With a return on equity of 95%, MTN basically relies on OPP to make money.
No sweeter business model than that. Why in this world will they ever bother with an IPO?? Why??
With a return on equity of 95%, MTN basically relies on OPP to make money.
No sweeter business model than that. Why in this world will they ever bother with an IPO?? Why??
Oh and by the way MTN is paying Government income tax of N42.8 billion.
Per their cash flow statement they paid government
N110 billion in regulatory fine
N19.7 billion in taxes paid.
Per their cash flow statement they paid government
N110 billion in regulatory fine
N19.7 billion in taxes paid.
MTN also paid banks total interest of N49 billion.
They also paid their shareholders a total dividends of N73 billion.
All this payments came from a cash generated of N267 billion.
Please give respect where it’s due ✊🏽
They also paid their shareholders a total dividends of N73 billion.
All this payments came from a cash generated of N267 billion.
Please give respect where it’s due ✊🏽
For those asking me how to buy MTN stocks online. Try @WealthNG
