|
|
|
Airtel Africa inducted into the FTSE 100 index
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 27 Jan, 2022
Bharti Airtel Thursday said that its subsidiary Airtel Africa has been
made a part of the coveted FTSE 100 Index effective Monday, January 31,
2022.
Airtel Africa listed on the London Stock Exchange
in June 2019 and the milestone underscores the growing investor
confidence in the business. The company had a market capitalisation of
over $7.5 billion (as per closing price on 26.01.2022) with Enterprise
Value at $10.7 billion.
Airtel entered Africa in 2010 and the
business has demonstrated consistent growth in its customer base,
revenues, profits, margins, and cash generation, as well as
strengthening its balance sheet through reduced leverage. Through its
mobile telecoms and mobile money services, Airtel Africa plc is
transforming the lives of over 122 million people across the 14 African
markets in which it operates.
For the Half Year that ended
September 30, 2021, Airtel Africa's revenue grew by 25.2 per cent to
$2.27 billion with double digit growth across all regions. For the
period its net profit doubled to $335 million while its leverage reduced
to 1.5x from 2.2x. (All numbers y-o-y)
Sunil Bharti Mittal,
Chairman, Bharti Airtel said: "This is a significant milestone for
Airtel Africa, which becomes part of the FTSE 100 in just two and a half
years of listing on the London Stock Exchange joining the most valuable
companies. Airtel Africa is a strong player in the African continent,
which has emerged as the next growth frontier globally."
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|