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Airtel Africa earns 89 mn profit in JanuaryMarch

first_imgNew Delhi: Airtel Africa, a subsidiary of Bharti Airtel that provides services in Africa, Tuesday posted a net profit of $89 million for the quarter ended March 31, 2019, on account of increase in data consumption and Airtel Money penetration. The company had posted a loss of $33 million in the same period a year ago. Its revenue increased by 6 per cent to $781 million during the reported quarter from $736 million in the corresponding period of 2017-18. “Increase in Data & Airtel Money penetration led to faster net revenue growth,” Airtel Africa said in its quarterly report. For year ended March 31, 2019, Airtel Africa posted a profit of $412 million while it had reported loss of $138 million a year ago.last_img

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