Airtel Africa posts 24% jump in profit before tax at $143 million

Bharti Airtel’s arm Airtel Africa on Friday posted a 24 per cent jump in its profit before tax (PBT) at $143 million in the quarter ended September 30. It had reported a PBT of $115 million in the corresponding period a year ago.

It reported a 78 per cent jump in net profit to $96 million for the second quarter ended on September 30, 2019, driven by growth in customer base. The company had recorded a net profit of $54 million in the same period a year ago.

The profit growth of the company, which provides telecom services in 14 African countries, was 83.6 per cent during the period under review in constant currency terms.