Airtel Malawi plcprofits have hit unprecedented K22 billion at the time Malawians are complaining of high data bundles as well as high airtime costs.
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This is a 28 % increase from K15. 9 billion posted in 2019.
The company’s financial statement shows strong revenue growth recorded at K110 billion from K92 billion, attributable to 46 per cent data usage, as most people worked from home at the peak of the pandemic.
Co-signed by Alex Chitsime and Charles Kamoto the board Chairperson and Managing Director respectively, the Airtel board admits that the telecom business has emerged as a key and essential service supporting the economy during the pandemic.