Airtel Africa Q2 profit rises 16% to $254 million
Airtel Africa has revealed a remarkable 15.9% jump in its quarterly net profit, reaching $254 million, fueled by robust revenue growth. The total revenue escalated to $1.97 billion, showcasing a 25.7% rise in reported currency. Operating profit surged by 28.5% to $659 million, while customer numbers soared by 11.6%, pointing to the growing demand for data and mobile money services. The company achieved a record underlying Ebitda margin of 50.
Airtel Africa on Friday reported a 15.9% year-on-year rise in quarterly net profit to $254 million, buoyed by higher operating profit and growth in data and mobile money revenues.The performance helped offset higher finance costs and inflationary pressure from rising fuel prices.The company's September-quarter revenue rose 25.7% in reported currency to $1.97 billion, while growth in constant currency stood at 20.6%.
