Airtel Africa Plc grew its customer base by 8.4 per cent to 120.8 million, with increased penetration across mobile, data and mobile money services. Also,
Airtel Africa Plc grew its customer base by 8.4 per cent to 120.8 million, with increased penetration across mobile, data and mobile money services.
Also, the company’s revenue grew by 30.7 per cent to $1.112 billion, as the growth partially benefitted from a weakened quarter in the prior year during the peak of COVID-19 restrictions across the region. In the company’s first quarter results ended June 30, 2021, declared to the investing public on the Nigerian Exchange Limited, it also showed that operating profit increased by 67.6 per cent to $352 million in reported currency, due to a combination of strong revenue growth and improvements in operating efficiency while net finance costs were broadly stable in the period.Profit after tax was $142 million, a 148.7 per cent increase on the $57 million of the prior period.
The chief executive officer of Airtel Africa, Raghunath Mandava, said the company’s Q1, 2021 results have been very strong, noting that Q1 of last year was impacted by the start of COVID, but even after adjusting for these effects, the Q1, 2021 revenue growth rates for the group, service segments and reporting regions were all ahead of Q4, 2021 trends.
He noted further that the company has posted strong double-digit growth across voice , data and mobile money across all its regions.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria finishes 74th at Tokyo Olympics, 8th best from Africa - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Nigeria finishes 74th at Tokyo Olympics, 8th best from AfricaTeam Nigeria won two medals - one silver and one bronze -after being represented by 55 athletes.
Read more »
UK, South Africa Alpha, Beta variants now in Nigeria, other African countries –WHOIt stated that Lagos State, the epicentre of COVID-19 in Nigeria, recorded 488 followed by Akwa Ibom 121 cases, Oyo 29, Rivers 25 and Ogun 15.
Read more »
5 Honeymoon Destinations In AfricaHoneymoons are a once-in-a-lifetime trip, so when you do it, you’ve got to do it right. Africa offers an abundance of choices for couples seeking to indulge in a romantic getaway.
Read more »
WHITHER NIGERIA’S MANIFEST DESTINY TO LEAD AFRICA?Nigeria risks losing her residual appeal as a well-run nation, argue Ejeviome Eloho Otobo and Oseloka H. Obaze There was a time when Nigeria’s leadership role in African affairs was taken for grant…
Read more »