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 results for the quarter 1st January to 31st March 2023.
HIGHLIGHTS
The following are the key highlights for the quarter under review:
a. Customer base stands at 9.2 million, up 14% Y-o-Y.
b. Total Revenues at ZMW 1,206 million, up 23% Y-o-Y. .
c. Operating profit at ZMW 398 million, up 15% Y-o-Y.
d. Profit after tax up to ZMW 183 million from ZMW 143 million in prior year. This was mainly driven by revenue growth, strong operating efficiencies.
e. The board has approved an Interim dividend of 1.98 ZMW 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 140 million customers across its operations at the end of March 2023 with growth of 9.0% YoY.
About Airtel Networks Zambia Plc:
Airtel Networks Zambia plc is part of Airtel Africa plc and is the largest mobile phone operator in Zambia, by revenue, with a customer base of more than 9.2 million as at 31st March 2023. 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 plc offers a full range of voice services, international roaming, prepaid and postpaid subscriptions, and mobile and fixed internet to individual, corporate and SME customers.