Nigeria's leading telecommunication company, MTN Nigeria has declared N60 billion as interim cash dividends to be distributed to shareholders, making it N2.95 per share for the first half of the year.
According to The Nation, reports indicate that profit made before the 30.86 percent tax increase was at N190.4 billion in the first half of 2019 as opposed to N108.35 billion recorded in same period in 2018.
Due to the increase in tax, profit was recorded at N73.4 billion, resulting to the tota; turnover to N566.95 billion. Also, operating profit rose by 39.49 percent from N136.50 billion to N190.4 billion, with per-share earnings at N4.86.
