In accordance with the requirements of the Securities Act No. 41 of 2016, Airtel Networks Zambia Plc. (“the Company”) is pleased to announce its unaudited interim results for the six-month period ended 30th June 2022.
HIGHLIGHTS
The following are the key highlights for the half year under review
a. Customer base stands at 8.220 million, up 15% Y-o-Y.
b. Total Revenues at ZMW 2,023 million, up 26% Y-o-Y.
c. Operating profit at ZMW 756 million, up 58 % Y-o-Y.
d. Profit after tax up to ZMW 353 million from ZMW 88 million in prior year. This was mainly driven by revenue growth ,strong operating efficiencies and appreciation of the kwacha.
e. The Board of Directors of the company have approved an interim dividend of ZMW 3.00 per share.
About Airtel Africa Plc:
Airtel Africa Plc is a leading global telecommunications company with operations in 14 countries across Africa. The company offers mobile voice & data services, fixed line, high speed broadband, turnkey telecom solutions for enterprises and national & international long distance services to carriers. Airtel Africa Plc had nearly 131.6 million customers across its operations at the end of June 2022 with growth of 8.9% YoY.
About Airtel Networks Zambia Plc:
Airtel Networks Zambia Plc is part of the Airtel Africa Group and is the largest mobile phone operator in Zambia. Since commencing operations in December 1998, Airtel Networks Zambia Plc has extended its network across the country and now provides coverage in all the districts of Zambia. Airtel Networks Zambia offers a full range of voice services, international roaming, prepaid and postpaid subscriptions, and mobile and fixed internet to individual, corporate and SME customers”.
