Airtel Africa Plc, an Anglo-Indian provider of telecommunications and mobile money Services Company, reported a pre-tax profit of $482 million in the 9-month period of 2020 compared to $501 million recorded in the corresponding period of 2019 – a 3.8% decline.
READ: Unilever Nigeria declares loss of N1.59 billion in 2020
Key highlights for 2020 9M
- Revenue increased to $2.85 billion, +13.01% YoY.
- Revenue from voice increased to $1.54 billion, +5.35% YoY.
- Revenue from data increased to $842 million, +24.37% YoY.
- Revenue from mobile money increased to $291 million, +27.63% YoY.
- Other revenue increased to $255 million, +13.84% YoY.
- Expenses increased to $1.56 million, +10.15%YoY.
- Finance costs increased to $318 million, +41.33% YoY.
- Pre-tax profits declined to $482 million, -3.79% YoY.
- Earnings Per Share declined to 5.5 cents, -36.05% YoY.
READ: Sterling Bank Plc records 3.28% decline in 2020 9M gross earnings
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