Airtel Africa to Release Nine Months Financial Statements on Friday

Airtel Africa Plc has said it will release results for the nine months ended December 31, 2021, on Friday, February 4, 2022.

The leading telecommunications giant in Africa disclosed in a statement released via the Nigerian Exchange Limited and seen by Investors King.

The company’s management announced it will host a conference call for all analysts and investors at “12:00pm UK time (GMT) on Friday 4 February 2022. To receive an invitation with the dial in numbers to participate in the conference call please register before the event using the following link:

https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=750 4208&linkSecurityString=d475ef700

In the second quarter (Q2), Airtel Africa grew revenue by 25.2 percent to $2,272 million with double-digit growth across all its 14 operating African nations. In the same period, revenue rose by 20.3 percent.

Speaking on the company’s performance and plans for the rest of the year in October 2021, Segun Ogunsanya, chief executive officer, said “Our first half financial performance has been strong. The first half of last year, and especially Q1, was impacted by the start of Covid, but even after adjusting for these effects, our revenue growth rates for the half year for the Group and all our service segments are ahead of our FY’21 revenue growth trends, and in reported terms these are all in strong double digits.

“The risks from Covid still remain, with sub-Saharan Africa continuing to experience a third wave of the pandemic. Governments continue to implement balanced measures of lockdowns and restrictions accordingly. But vaccination levels remain low, and we continue to monitor the situation for potential impacts on economies and consumers.

“Operationally we have continued our network modernisation and expansion, aligned with an extension of our distribution capabilities, which have together contributed towards continued strong growth in ARPUs across voice, data and mobile money. We have seen an improvement in our customer growth trends for the Group as we approach stability of net monthly movements in Nigeria.