Foreign currency – Rayrice Forex News

Airtel Africa’s FY2Q net profit fell 21 percent year-on-year due to forex losses

Bharti Airtel’s Africa business reported a net profit of $152 million in the fiscal second quarter, down 21 percent from a year ago, dragged down by higher finance costs due to higher foreign exchange and equity losses. Net profit for the African business also fell 14.6 percent sequentially. Airtel Africa’s revenue for the quarter ended … Read more