{"id":837450,"date":"2024-07-26T09:35:17","date_gmt":"2024-07-26T04:05:17","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=837450"},"modified":"2024-07-26T09:35:17","modified_gmt":"2024-07-26T04:05:17","slug":"airtel-africa-reports-31-mn-net-profit-in-q1fy25-on-lower-finance-costs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/26\/airtel-africa-reports-31-mn-net-profit-in-q1fy25-on-lower-finance-costs\/","title":{"rendered":"Airtel Africa reports $31 mn net profit in Q1FY25 on lower finance costs"},"content":{"rendered":"<p>Kolkata: Bharti Airtel\u2019s Africa business reported a modest $31 million net profit in the fiscal first quarter compared to a $151 million net loss a year ago, on the back of a sharp fall in net finance costs, but revenues declined on-year, primarily stung by currency devaluation in Nigeria.<\/p>\n<p>Airtel Africa\u2019s revenue fell 16% from a year back to $1.15 billion, reflecting the impact of currency devaluation, particularly in Nigeria, coupled with an unchanged data user base. Sequentially, though, revenue rose 3.4%, helped by a higher average revenue per user (ARPU) and strong growth momentum of the mobile money business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata: Bharti Airtel\u2019s Africa business reported a modest $31 million net profit in the fiscal first quarter compared to a $151 million net loss a year ago, on the back of a sharp fall in net finance costs, but revenues declined on-year, primarily stung by currency devaluation in Nigeria. Airtel Africa\u2019s revenue fell 16% from a year back to $1.15 billion, reflecting the impact of currency devaluation, particularly in Nigeria, coupled with an unchanged data user base. Sequentially, though, revenue rose 3.4%, helped by a higher average revenue per user (ARPU) and strong growth momentum of the mobile money business.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-837450","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837450","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=837450"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837450\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=837450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=837450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=837450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}