Airtel's quarterly India sales drop 10.9%, partly offset by Africa turnover

摘要

India's Bharti Airtel posted consolidated group revenues of INR204.22 billion (USD2.79 billion) in the three months ended 30 September 2018, down by 6.2% year-on-year, as domestic revenue dropped 10.9% to INR149.3 billion - including a 7.2% mobile sales fall due to continued competitive pricing pressure - partly offset by a 10.8% rise in Airtel Africa turnover in constant currency terms. Consolidated EBITDA, EBIT and net profit fell y-o-y by 20.7%, 67.3% and 65.4% respectively to INR63.43 billion, INR10.76 billion and INR1.19 billion in July-September 2018, as Airtel fought intense competition amid a fierce tariff war.