Friday, 28 July 2017

Bharti Airtel profit tumbles 30.8% on Nigerian naira devaluation

By Nick Wood, Total Telecom
Thursday 28 July 16

India-based operator reports 7.9% growth in fiscal first quarter revenue.

Bharti Airtel this week reported a 30.8% decline in fiscal first-quarter net profit, due to foreign exchange losses caused by the devaluation of the Nigerian naira. The India-based telco's net profit for the three months to 30 June came in at 14…

Bharti Airtel this week reported a 30.8% decline in fiscal first-quarter net profit, due to foreign exchange losses caused by the devaluation of the Nigerian naira. The India-based telco's net profit for the three months to 30 June came in at 14…

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