BUSINESS

MTN Share Price Drops By 2.27% To Close At N215

MTNN Plc’s share price, at the end of the trading week, depreciated by 2.27% to close at N215.00 per share, taking its market capitalization to N4.37 trillion at the end of the trading sessions of the week.

As a competitor of Airtel Nig Plc, MTN’s total market capitalization is N1.22 trillion lower than Airtel Africa’s current market value.

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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