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FX movements wipe $1bn off Airtel's top line

By Benjamin Chiou

Date: Thursday 09 May 2024

(Sharecast News) - Africa-focused telecoms group Airtel was hit hard by a drop in the Nigerian naira in the year to 31 March, with a $549m negative FX headwind pushing it into the red on a pre-tax basis and taking more than $1bn off the top line.
The company swung to...

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