Airtel Africa has released its half-year 2019 financial statements which show impressive performance by the company. The company’s subsidiary- Airtel Nigeria Plc, operates in Nigeria as the second-largest telecoms company by subscriber base.
The financial report was presented in dollars. However, Nairametrics has converted the figures to naira as you can see below.
EBITDA: The telco’s earnings before interest, tax, depreciation and amortisation stood at N220.6 billion, marking a 10.9% increase compared to N199.2 billion in H1 2018.
Profit Before Tax: Moving on, the company recorded 158.4% increase in its profit before tax which stood at N96.9 billion in H1 2019 compared to N37.4 billion in H1 2018.
Profit After Tax: Lastly, Airtel Africa’s profit after tax stood at N69.9 billion, indicating that there was an 11.9% increase compared to N62.6 billion reported in H1 2018.
Further Details: It should be noted that the figures above represent the company’s figures from its operations across Africa. The company’s figures from Nigeria alone is summarised below:
The company’s share price is trading at 0.59 GBP on the London Stock Exchange.
To download the full report, click here.