Airtel Africa sees Strong growth across the Group, doubling profit after tax, increased cash generation, lower leverage and dividend upgrade

Airtel Africa has recorded a strong first half financial performance, seeing revenue growth by 25.2% to $2,272m with double digit growth across all regions. The group recorded a strong double-digit constant currency revenue growth across all regions: Nigeria up 32.4%, East Africa up 25.8% and Francophone Africa up 22.1%; and across all key services, Voice up 19.7%, Data up 36.9% and Mobile Money up 42.0%. This is according to the recently released financial half year results. Additionally, operating profit up 55.1% to $732m in reported currency while Profit after tax more than doubled to $335m, largely due to higher profit…