• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

Airtel Africa posts $523 million profit for 9 month

as revenue jumps to N3.914 billion

Zainab Iwayemi by Zainab Iwayemi
February 3, 2023
in Company Results, Markets
Airtel Africa

Segun Ogunsanya Airtel Africa CEO

Share on FacebookShare on TwitterShare on Linkedin

Airtel Africa Plc has released its financial statements for the nine months ended 31st December 2022. 

The financial report shows that the telecommunication company recorded $523 million as profit for the period, marking a 12.1% increase from $514 million during the comparable period last year.

See more details of the financial report below. 

RelatedStories

SWOOTs: MTN Nigeria overtakes Airtel Africa as the most valued stock on NGX.

Airtel Africa Plc leads the SWOOTs gainers as combined market cap hits N17.06 trillion

January 23, 2022

Revenue 

2022 9-mth: $3.914 billion 

2021 9-mth: $3.492 billion 

Change: +12.1% 

Expenses 

2022 9-mth: $2.007 billion  

2021 9-mth: $1.797 billion 

Change: +11.7% 

EBITDA 

2022 9-mth: $1.916 billion  

2021 9-mth: $1.702 billion 

Change: +12.6% 

Operating profit 

2022 9-mth: $1.318 billion  

2021 9-mth: $1.146 billion 

Change: +15.1% 

Pre-tax profit 

2022 9-mth: $801 million 

2021 9-mth: $864 million 

Change: -7.3% 

Net Profit after tax  

2022 9-mth: $523 million 

2021 9 mth: $514 million 

Change: +1.7% 

Basic Earnings Per Share 

2022 9-mth: 12.5 cents 

2021 9-mth: 11.7 cents 

Change: +2.4% 

Bottom line: The growth in pre-tax profits was due to the increase in revenue from voice, data, mobile money and other revenue despite inflationary pressure and slim in the household wallets. According to the financial statement, revenue includes inter-segment eliminations of $112 million for the nine months ended 31 December 2022 and $94 million for the prior period. 

The telecom firm said revenue growth was impacted by the effect of some voice customers being barred in Nigeria and the loss of tower-sharing revenues following the sale of towers in Tanzania, Madagascar and Malawi in H2’22. 


Follow us for Breaking News and Market Intelligence.
Tags: Airtel Aftica plc
Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

Related Posts

SWOOTs: MTN Nigeria overtakes Airtel Africa as the most valued stock on NGX.
Stock Market

Airtel Africa Plc leads the SWOOTs gainers as combined market cap hits N17.06 trillion

January 23, 2022
Next Post
Why people are spending more time on Facebook, Instagram—Mark Zuckerberg

Facebook owner, Meta, reports 4% decline in fourth quarter revenue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NDLEA seizes over 1 million opioid pills in Bauchi, intercepts cannabis, meth in Kaduna, Abuja 
  • Governor Otu seeks PPP Investment for Bakassi $3.5 Billion Seaport Development 
  • JAMB to hold 2025 UTME mop-up exam on June 28 for absentees, biometric failures, others across Nigeria 

Follow us on social media:

Recent News

NDLEA seizes over 1 million opioid pills in Bauchi, intercepts cannabis, meth in Kaduna, Abuja 

NDLEA seizes over 1 million opioid pills in Bauchi, intercepts cannabis, meth in Kaduna, Abuja 

June 22, 2025
Governor Otu seeks PPP Investment for Bakassi $3.5 Billion Seaport Development 

Governor Otu seeks PPP Investment for Bakassi $3.5 Billion Seaport Development 

June 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics