AIRTEL | Airtel Malawi FY20 Results Review: Data driven earnings

Airtel Malawi continued to perform ahead of expectations, returning a 39% growth in PAT to MWK22.1bln on the back of a 46% and 55% increase in data and other revenues to MWK38.4bln and MWK10.6bln respectively, a lower 9% push in operating expenses and a reduction in the tax rate to 30% from 37%. The calculated return to equity was an ROE of 111%, with a dividend of MWK2.10 per share was declared.


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