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AAF — Airtel Africa News Story

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TelecomsAdventurousLarge CapNeutral

Airtel Africa hits record high, tops FTSE 100 after higher H1 earnings

** Shares of Airtel Africa  AAF.L jump as much as 10.7% to a record high of 255.20p

** Stock is the top gainer on FTSE 100 index .FTSE, which is up 0.05%
** H1 revenue rises 25.8% YoY to $2.98 bln, driven by tariff adjustments in Nigeria and strong growth in Francophone Africa

** HY adj EBITDA up 33.2% YoY to $1.45 bln, driven by continued ops momentum and sustained benefits from cost efficiency
programme

** Co declares interim dividend of 2.84 cents per share, a 9.2% increase

** YTD, including session's moves, the stock has risen ~103% vs 18.16% in FTSE 100

 (Reporting by Krisha Bhatt)

 ((Krisha.Bhatt@thomsonreuters.com))

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