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Airtel Africa slumps as H1 profits, revenue drop
By Michele Maatouk
Date: Friday 25 Oct 2024
(Sharecast News) - Airtel Africa slumped on Friday as it posted a decline in first-half profit and revenues.
In the half year to 30 September, revenue fell 9.7% $2.37bn, hit in particular by "significant" currency devaluations in Nigeria, Malawi, Zambia and Tanzania.
Meanwhile, operating profit was down 20.3% to $706m.
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