Airtel Africa Q2 profit falls 37% to $145 million

Bharti Airtel’s Africa operations, Airtel Africa, on Friday posted 36.6 per cent decline in profit on reported currency basis at USD 145 million (Rs 1,066 crore) for the six months ended September 30. The company had posted a profit after tax of USD 228 million for 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.