The Africa operations posted a net profit of $83 million in the March quarter, compared to a loss of $49 million a year earlier. Bharti Airtel will declare its March quarter earnings for India operations on 6 May. In the December quarter, Airtel’s profit had plunged 72% to ₹86 crore from ₹306 crore a year earlier. Airtel Africa’s total revenue grew 6% year-on-year from $736 million to $781 million in the March quarter, while its earnings before interest, taxes, depreciation and amortisation improved 12% year-on-year from $307 million to $344 million in the March quarter. Airtel established its presence in Africa in 2010 when it bought Kuwait-based Zain’s Africa operations for $10.7 billion.

Source: Mint April 30, 2019 18:56 UTC