Airtel Money Reports Strong First Half Revenue
Airtel Money reported a 25 percent increase in first-half revenue to 830 million dollars in its maiden earnings report. Profit after tax rose to 228 million dollars while customer numbers grew by nearly 19 percent.
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AIRTEL AFRICA PLC posted first-half revenue of $830M, up 25.1% in constant currency, in its maiden financial update on Monday morning. The African mobile money provider reported strong customer growth following its recent public debut in the United Kingdom. The results underscore investor confidence in the firm's regional expansion strategy despite shares trading below their initial offer price.
