H1’ 2020: Airtel Africa posts $145m profit as customer base hits 116.4m

Airtel Africa Q4 profit to $154m

Telecoms and payment giant, Airtel Africa has reported broad base positive performance for the half-year period ended September 30, 2020. According to the financial disclosure filed on the Nigerian Stock Exchange (NSE), where it is listed, the telecoms company realised $145 million as the profit after tax (PAT) for the period. This is however 36.6 per cent decline from the 2019 half year record, despite 10.7 per cent rise in revenue at $1.815 billion in the six-month period and 14.3 per cent uptick in the Q2 revenue alone. Airtel Africa…

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