Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Telecoms company Airtel Africa reported a fall in first-half profit as improving growth in the second quarter amid easing lockdown restrictions were offset by weakness in the first quarter.
For the half-year ended 30 September, pre-tax profit fell 11.1% to $281 million year-on-year, while revenue rose 10.7% to $1,815m.
The company saw improved performance in the second quarter, with revenue growth of 23.1% as a result of 'the easing of restrictions on movement of people which was implemented in the first quarter owing to the COVID-19 pandemic,' Airtel Africa said.
The customer base grew by 12.0% to 116.4 million in the first half the year.
The company declared an interim dividend of $1.5 per share.
At 8:32am: (LON:AAF) Airtel Africa PLC share price was -2.75p at 62.05p