Airtel Africa Swings To $80m Profit Despite Naira Devaluation, Legal Costs

Bharti Airtel’s Africa unit reported $80 million in net profit, compared to a net loss of $91 million, a year ago, in the fiscal fourth quarter, driven by an increase in its customer base and higher data usage, which offset higher finance costs. But net profit for January-March period slumped 52.6% sequentially, reflecting a $21 […]