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Airtel Africa Plc, an Anglo-Indian provider of telecommunications and mobile money Services Company, reported a pre-tax profit of $482 million in the 9-month period of 2020 compared to $501 million recorded in the corresponding period of 2019, a 3.8% decline.
Airtel Africa Plc recorded a marginal decline in its pre-tax profits in the period under consideration, 2020 9M.The company recorded increased revenue from its four generating units voice, data, mobile money, and other revenues.
Despite increased revenues, the company’s pre-tax profits dipped. Cursory checks indicate that increased expenses and increased finance costs contributed to the decline in pre-tax profits.
