Airtel Africa Q2 net profit more than doubles to $192 million

Airtel Africa profit after tax more than doubled to USD 192 million in the second quarter ended September 30, but concerns around COVID-19 remain as sub-Saharan Africa continues to experience a third wave of the pandemic.

The company had posted a PAT of USD 88 million in the same period a year ago.

Airtel Africa revenue during the quarter grew 20.3 per cent to USD 1,160 million on a reported currency basis from USD 965 million in the corresponding quarter of 2020-21.

This was the 15th straight quarter when Airtel Africa posted double-digit revenue growth.

“The first half of last year, and especially first quarter, was impacted by the start of Covid, but even after adjusting for these effects,