Investing.com — Airtel Africa plc reported revenue of $3.82 billion for the half year ended September 30, up 20.8% in constant currency YoY, driven by strong growth across mobile services and mobile money segments.
The company’s underlying EBITDA increased 23.5% in constant currency to $1.92 billion, with the underlying EBITDA margin expanding 109 basis points to 50.3%. The margin reached a record 50.4% in the second quarter despite inflationary pressure from higher fuel costs.
Total customer base grew 11.6% to 193.9 million, while mobile money customers increased 22.4% to 60.9 million.
Profit after tax rose to $452 million from $376 million in the prior period, though the current period included $55 million in exceptional items related to an in-principle settlement in one of the Group’s subsidiaries and Airtel Money IPO expenses.
Excluding exceptional items and lower foreign exchange and derivative gains, EPS rose to 11.8 cents from 6.9 cents.
“Over the first half we have delivered another strong operating and financial performance, reflecting the depth of underlying demand across our markets and consistent execution of our strategy, with total customer growth remaining strong and stable at 11.6%,” said Sunil Taldar, chief executive officer.
Data revenue grew 28% in constant currency, supported by smartphone penetration reaching 51.6% and data usage per customer increasing to 13.3 GB from 10.1 GB. Mobile money revenue grew 25.8% in constant currency, with annualized total processed value reaching $275 billion in the second quarter, up 36.5%.
Capital expenditure more than doubled to $657 million during the period as the company added approximately 4,200 sites. Leverage improved to 1.6x from 2.1x. The Board declared an interim dividend of 3.1 cents per share, up 9.2%.
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Source: finance.yahoo.com
