Airtel Africa Slips To Q4 Loss On Weak Revenues; Plans Up To $100 Mln Share Buyback, Dividend

(RTTNews) - Telecom company Airtel Africa Plc (AAF.L) reported Thursday that its fourth-quarter loss before tax was $118 million, compared to last year's profit of $233 million.

Loss attributable to owners of the company was $104 million or 2.8 cents per share, compared to profit of $195 million or 5.2 cents per share a year ago.

Adjusted earnings per share were 3 cents, compared to 2.8 cents last year.

Revenue for the quarter fell 16.6 percent to $1.12 billion from prior year's $1.34 billion. Revenues, however, climbed 23.1 percent at constant exchanges rates.

Total customer base in the year grew by 9.0 percent to 152.7 million.

Further, the Board has approved a share buyback programme of up to $100 million, over a period of up to 12 months.

The Board has recommended a final dividend of 3.57 cents per share, making the total dividend for FY24 5.95 cents per share.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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