MTN network is one of the biggest network and phone selling companies in the world. The company declares it massive growth revenue but its stock is not showing the growth that Investors wants.
The strong revenue growth was basically due to its data-led segment as sales from the segment expanded by an impressive 51.5% Year to Year.
This is what we know about MTN Nigeria Limited stock.
MTN Nigeria communication LTD stock is selling at 168.90 per share in Naira, the stock is newly listed on the Nigerian stock exchange.
In 6 months the stock has gone from N120 per share to N160 per share. Although there is little growth, but the stock could do better, the price per share could reflect much better to give investors a better return on their money.
According to recent report from MTN, the company grew it revenue to 15.1 % year over year, that about N1.3 trillion Naira, a staggering amount of 51.5 percent in revenue.
· Voice sales rose relatively by 5.6% year to year as the global switch to data-enabled communication subsisted.
· MTN Nigeria Plc also announced a N5.90/share final dividend on impressive growth in its free Cash Flow for the financial year of 2020.
· Notably, MTNN’s 4G network now covers 60.1% of the population compared to 43.8% in 2019.
· According to MTN Nigeria, the suspension of new SIM registration enforced in mid-December did not have a material effect on the voice segment, which managed a 10.6% YoY revenue growth in Q4’20 (vs 7.0% YoY in Q3’20).
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MTN reports strong revenue but investors are not seeing the money.