Airtel Malawi Annual Report for this year

Airtel Malawi Annual Report for this year

Airtel Malawi Annual Report for this year-The company recorded revenue of K110,233 million in Financial Year 2020 as compared to K92,824 million in Financial Year 2019. Revenue growth of 18.8% was largely driven by the growth of our customer base which was up by 25.1% to 5 million. Revenue growth was broad-based across all key segments: Voice up 2.5%, Data up 46.4% and other revenue up 54.9%.
EBITDA
EBITDA of K50,926 million, up by 32.1% was supported by strong revenue growth and broadly stable operating expenditure. EBITDA margin has significantly increased from 41.5% to 46.2% as compared with the previous period.
Profit after tax
Profit after tax of K22,091 million went up from K15,908 million mainly due to an increase in operating profit. During the year, the company sustained a forex loss of K3,560 million on the back of Kwacha weakening against major foreign currencies. In Financial Year 2019, the impact of forex loss was K1,357 million. Outlook During this challenging year we worked to ensure the safety of our employees, customers and partners and we have continued to work closely with government and our regulator to ensure the network remained fully functional and customers
could access our service. In these unprecedented times, the telecom business has emerged as a key and essential service supporting the economy and communities While we delivered a good performance despite the Covid-19 pandemic, we remain vigilant about new strains of the virus and potential further actions by governments to
minimise contagion.

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