Airtel Africa’s Q2 2021 report shows revenue growth of nearly 31%, reaching USD 1.1 bln. Moreover, the company’s profit after tax more than doubled to USD 142 mln, surging by 148.7% in the June quarter compared to last year’s period.
In detail, strong revenue growth was recorded across all regions with Nigeria up by 38.2%, East Africa up by 32.8%, and Francophone Africa up by 24.9%.
Commenting on the Q1 scorecard, chief executive officer Raghunath Mandava said, "Our robust operating model and solid execution should enable us to continue our profitable growth."
The CEO noted that the company has ‘strong’ double-digit growth across voice (26%), data (37.4%), and mobile money (53.7%) due to their continued focus on modernization and network rollout, along with simplifying products and improving distribution.
Facing challenging times amid Sub-Saharan Africa’s third wave of the pandemic, Mandava claims that their business model has been proven to be resilient and they continue to “monitor the situation closely for the potential impact on local economies and consumers.”
Airtel Africa’s customer base grew by 8.4% to 120.8 million, with increased penetration across mobile data (customer base up 14.8%) and mobile money services (customer base up 24.6%). “Our total customer base has returned to growth with acceleration in our East Africa and Francophone regions,” explained Mandava.
The company affirmed its commitment to efficiently and effectively deliver services that help to improve the lives, communities, and economies they serve.
