For the reporting period, the telecom operator said its underlying revenue rose 20.6% to $4.7 billion, up from the $3.9 billion reported in the reporting period. comparable fiscal year ended March 2021.
This increase was driven by strong performance in the voice, data and mobile money segments of the company’s business. Specifically, revenue from the voice segment was $2.3 billion, followed by data revenue at $1.5 billion, then mobile money revenue at $553 million. Other income generated by the company for the period was $407 million.
The company’s total expenses for the period under review were $2.4 billion. Among the expenses is a total tax burden of $469 million.
Meanwhile, after-tax profit for the period was $755 million, indicating year-over-year growth of 82.0%.
While commenting on the telecom operator’s impressive performance, CEO, Segun Ogunsanya said:
“This is another set of strong results for Airtel Africa, demonstrating our strong execution as we continue to enrich the lives of growing numbers of people by leveraging the tremendous opportunity to promote inclusion. digital and financial services in our markets. high-digit revenue growth in all our regions and all our key services, with improved margins driven by strong cost control, and expanding cash generation that allows us to continue to invest in our network and services and expand our distribution, as well as strengthen our balance sheet and increase our returns to shareholders.”
As you must know, Airtel Africa is the leading provider of telecommunications and mobile money services in 14 African countries. It currently has a total user base of 128.4 million, marking an increase of 8.7% from 118.2 million in the previous fiscal year.
The company is also listed on the Nigerian Stock Exchange where it is currently trading with a share price of N1,400 ($3.3).