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...
Key Takeaways
- 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.
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.
Original Publisher Attribution
This summary was curated from Economic Times.