Tanzania, May 4 -- Airtel Africa plc has posted a significant turnaround, recording a profit after tax of 328 million US dollars for the year ended March 31, 2025-up from a loss of 89 million US dollars in the previous period.
This is driven by strong operational performance, reduced foreign exchange losses, and sustained investment in digital and financial inclusion across its markets.
according to the report,the telecoms and mobile money services provider highlighted that the improved profit was mainly due to reduced derivative and currency exchange losses, particularly in Nigeria, which had impacted earnings last year.
Basic earnings per share (EPS) jumped to 6.0 cents from a negative 4.4 cents, although EPS before exceptional items...
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