Airtel Africa’s net profit drops to $750m, Nigeria leads revenue growth

Airtel Africa recorded a drop in its net profit, with Nigeria leading its revenue growth for the annual financial period covering April 2022 and March 2023.

The Bharti Airtel subsidiary saw its profit after tax decline by $5 million or 6 per cent to $750 million at the end of March 2023, failing to surpass the $755 million posted during the preceding 12 months period.

This was disclosed in the annual financial statements obtained on Friday.

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