Airtel Africa reports $31 mn net profit in Q1FY25 on lower finance costs

Bharti Airtel's Africa business reported a modest $31 million net profit in Q1 compared to a $151 million net loss a year ago, due to a sharp fall in finance costs. However, quarterly revenues fell on-year due to currency devaluation in Nigeria, affecting revenue by 16%. The company's net finance cost for Q1 was $139 million, 34% lower on-year and 2.11% less sequentially.

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