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Key takeaways from Airtel Africa's financial statement for the year ended March 2022

For the interval underneath evaluation, the telco mentioned its underlying income elevated by 20.6% to $4.7 billion, larger than the $3.9 billion that was reported throughout the comparable financial year ended March 2021.

The enhance was pushed by robust efficiency in the voice, knowledge and cell cash segments of the firm’s operation. Specifically, income generated from the voice section stood at $2.3 billion, adopted by knowledge income at $1.5 billion after which cell cash income at $553 million. Other income generated by the firm for the interval stood at $407 million.

The firm’s whole bills for the interval underneath evaluation was $2.4 billion. Among the bills is a complete tax cost of $469 million.

Meanwhile, revenue after tax for the interval stood at $755 million, indicating an 82.0% progress year on year.

While commenting on the telco’s spectacular efficiency, the Chief Executive Officer, Segun Ogunsanya, mentioned:

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“This is another strong set of results for Airtel Africa, demonstrating our solid execution as we continue to enrich the lives of a growing number of people through leveraging the sizeable opportunity to promote digital and financial inclusion across our markets. We have delivered strong double-digit growth in revenues across all our regions and all our key services, with improving margins driven by strong cost control, and expanding cash generation which is enabling us to continue to invest in our network and services and expand our distribution, as well as strengthening our balance sheet and increasing our returns to shareholders.”

As it’s best to know, Airtel Africa is main supplier of telecom and cell cash companies throughout 14 African international locations. It presently has a complete person base of 128.4 million, marking an 8.7% enhance in comparison with 118.2 million throughout the previous financial year.

The firm can also be listed on the Nigerian Exchange the place it presently trades with a share worth of N1,400 ($3.3).

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