Bharti Airtel’s subsidiary -- Airtel Africa has reported its first full-year profit at $412 million for the 2018-19 fiscal. This growth is helped by higher data consumption and Airtel Money penetration. The company had posted a loss of $138 million for 2017-18.
The company’s revenue increased by 5.73 per cent to $3,077 million in 2018-19 from $2,910 million a year ago. Data customers in Airtel Africa network increased by 5.1 million to 30 million as compared to 24.9 million in the previous year. Airtel Money revenue grew by close to 60 per cent to $243.3 million in FY19 as compared to $152.4 million in 2017-18.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
