Airtel Africa Apr-Sept profit drops 37% to $145 mn, revenue up 10.7%

Bharti Airtel’s Africa operations, Airtel Africa, on Friday posted 36.6 per cent decline in profit after tax on reported currency basis at USD 145 million (Rs 1,066 crore) for September quarter 2020.

The company had posted a profit after tax of USD 228 million in the same period a year ago.

Airtel Africa, however, recorded a growth of 19.5 per cent to USD 472 million in operating profit on constant currency basis, the company said in a statement.

The revenue of the company increased 10.7 per cent to USD 1,815 million during the quarter under review from USD 1,640 million in the corresponding quarter of 2019-20.