Dar es Salaam, Feb. 1 -- AFRICA:  Airtel Africa has recorded a significant financial turnaround, posting a profit after tax of USD 248 million for the nine-month period ending December 31, 2024.

This marks a sharp recovery from the meagre 2 million usd profit recorded in the same period last year, demonstrating strong operating momentum despite economic headwinds.

The companys total revenue declined by 5.8 per cent to usd 3.63 billion in reported currency, largely due to the depreciation of the Nigerian naira, Malawian kwacha, and Zambian kwacha.

However, in constant currency terms, revenue actually grew by 20.4 per cent reflecting strong business fundamentals despite currency volatility.

Airtel Africas customer base grew by...