{"id":837376,"date":"2024-07-26T08:59:11","date_gmt":"2024-07-26T03:29:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=837376"},"modified":"2024-07-26T08:59:18","modified_gmt":"2024-07-26T03:29:18","slug":"airtel-africa-reports-7-million-net-profit-for-q1-revenue-drops-16","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/26\/airtel-africa-reports-7-million-net-profit-for-q1-revenue-drops-16\/","title":{"rendered":"Airtel Africa reports $7 million net profit for Q1, revenue drops 16%"},"content":{"rendered":"<p>Bharti Airtel&#8217;s Africa unit Airtel Africa has reported a consolidated net profit of $ 7 million for the June 2024 quarter against a $ 170 million loss in the year-ago period. <\/p>\n<p>Its net profit was primarily impacted by the $ 80 million of exceptional derivative and foreign exchange losses (net of tax) and lower Ebitda due to significant currency devaluation across key markets, Airtel Africa said. <\/p>\n<p>It had reported a loss of $ 91 million for the fourth quarter ended March 2024 on account of tax impact and forex loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharti Airtel&#8217;s Africa unit Airtel Africa has reported a consolidated net profit of $ 7 million for the June 2024 quarter against a $ 170 million loss in the year-ago period. Its net profit was primarily impacted by the $ 80 million of exceptional derivative and foreign exchange losses (net of tax) and lower Ebitda due to significant currency devaluation across key markets, Airtel Africa said. It had reported a loss of $ 91 million for the fourth quarter ended March 2024 on account of tax impact and forex loss.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,4,35],"tags":[],"class_list":["post-837376","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-telecom-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=837376"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837376\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=837376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=837376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=837376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}