Airtel Africa posts $7 million net profit in Q1; revenue falls 16.1%

Q: How long will it take to read this news story?

The story "Airtel Africa posts $7 million net profit in Q1; revenue falls 16.1%" has 486 words across 15 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Airtel Africa posts $7 million net profit in Q1; revenue falls 16.1%" was covered 12 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 303 news stories per day. It's most recent story was published 6 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21773346</li><li>URL: https://beamstart.com/news/airtel-africa-posts-7-million-17219166084540</li></ul>

Business Standard Logo Business Standard 12h ago

Airtel Africa posts $7 million net profit in Q1; revenue falls 16.1% - Business Standard

Quick Summary:

The company has earlier said it has been actively reducing its forex exposure across the group over the past few years and will continue to focus on this area in the future to mitigate the impact of any potential future devaluation.

Continuing to be pummelled by the ongoing currency devaluation of African currencies, the company reported a 16.1 per cent fall in revenues to $1.15 billion, down from $1.37 billion in Q1 FY24.

Attributable to the owners of the company, this compares to a net loss of $170 million in the same quarter of the previous year.