Airtel Africa Posts $3.4bn Revenue, $598m Profit Before Tax

[Simonson Harry]

Airtel Africa Plc has reported a revenue of $3.422 billion for the year ended March 31, 2020, showing an increase of 13 per cent from $3.077 billion recorded in 2019. Profit before tax rose 77 per cent from $348 million in 2019 to $598 million in 2020. However, a higher tax payment that jumped by 330 per cent, made the telecommunications firm to end the year with a profit after tax (PAT)of $408 million in 2020, compared with $426 million in 2019.

 

[Admin]

Airtel Africa Plc has reported a revenue of $3.422 billion for the year ended March 31, 2020, showing an increase of 13 per cent from $3.077 billion recorded in 2019. Profit before tax rose 77 per cent from $348 million in 2019 to $598 million in 2020. However, a higher tax payment that jumped by 330 per cent, made the telecommunications firm to end the year with a profit after tax (PAT)of $408 million in 2020, compared with $426 million in 2019.

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