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Airtel Africa Q3 result: Net profit slumps 23% YoY on higher tax outgo

Operating profit for the telecom entity rose 24 per cent to $399 million.

Bharti Airtel, Airtel Africa
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Megha Manchanda New Delhi
Bharti Airtel’s Africa unit reported a net profit of $103 million (Rs 735 crore) in the quarter ended December 31, a 23 per cent fall from $133 million in the same period a year before.

The decline in the third quarter (Q3) was mainly on account of higher tax payment, of $95 million against $13 million in the corresponding earlier period. Operating profit for the telecom entity rose 24 per cent to $399 million. 

“Revenue growth accelerated in Q3 to 14.2 per cent, as a result of improved performance in the Rest of Africa, supported by solid results in Nigeria and East

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First Published: Jan 28 2020 | 11:43 PM IST

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