Airtel Africa has reported a net profit of $154 million in the fourth quarter of FY21. The operator’s net profit doubled on a year-on-year basis and jumped 32.7 per cent sequentially on the back of strong growth in data and mobile money revenue, besides lower interest and tax expenses.
Further, revenue for the quarter ended March 31, 2021, increased by 15.4 per cent to $1.04 billion.
However, Airtel’s subscriber base across 14 countries in Africa declined 1 per cent on a quarter-to-quarter basis to 118.2 million users but monthly churn rate dropped to 3.9 per cent, the lowest in the last five years. In the whole year, the subscriber base grew 6.9 per cent.
Meanwhile, the average revenue per user (ARPU) grew 6.6 per cent on YoY basis to $2.9 in the quarter ended March 2021.
Moreover, data revenue grew 24.2 per cent on annual basis to $315. Although growth in voice revenue was the slowest at 7.2 per cent, it remains to be the largest contributing segment with revenue of $547 in the fourth quarter.
Data customer base at the end of March 2021 stood at 40.6 million and voice minutes users were 118.2 million.
Airtel Africa’s mobile money segment continued to be the fastest growing with a YoY revenue growth of 32.7 per cent to $110 million. Active mobile money user base increased 18.5 per cent to 21.7 million while mobile money ARPU was up 6 per cent on a YoY basis to $1.7.
