Airtel Africa Q3 net profit rises 7.5% to Rs 1,586 cr, revenue up 10.7%
Telecom operator Bharti Airtel said its African arm Airtel Africa on Thursday posted a 7.5 per cent growth in profit after tax at USD 193 million, about Rs 1,586 crore, in the third quarter ended December 2022.
The company had posted a profit after tax (PAT) of USD 180 million in the same period a year ago.
"Providing affordable, innovative and essential services to customers in our 14 markets with unparalleled network quality and customer service is integral to our ambition of transforming lives across Africa. These strong results are testament to this strategy despite the current macro-economic and geopolitical uncertainties," Aitel Africa Chief Executive Officer Segun Ogunsanya said in a statement.
The revenue of Airtel Africa during the reported quarter increased by 10.7 per cent to USD 1,350 million from USD 1,219 million in December 2021 quarter.
In constant currency term, revenue of Airtel Africa grew 18 per cent.
Total customer base of Airtel Africa increased by 10.1 per c