KAMPALA – Telecom firm Airtel Uganda said on Monday its 2023 pre-tax profit declined 9.8% from the previous 12 months, hurt by a surge in rental and energy costs.
The firm, a unit of Indian telecoms giant Bharti Airtel, was listed on the Uganda Securities Exchange (USE) last year after a heavily undersubscribed initial public offering.
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It earned 426.8 billion Ugandan shillings ($108.9 million) in pre-tax profit last year.
Airtel competes with a unit of South Africa’s MTN Group in the East African country.
