[Nick Hargrave]

https://www.londonstockexchange.com/news-article/AAF/q1-24-results/16057975

As always, there is a great amount of detail to digest and currency devaluations continue to restrain reported US$ growth, but the headline is continuing strong growth despite that (across customer numbers, mobile money users and ARPU), particularly in mobile money, while still increasing margins. Again, the market is likely to focus on non-cash FX translation losses and we must note that the Nigerian Naira devaluation will impact consolidated US$ results going forward, offsetting the continuing growth from the operation. However, with respect to the things that management can control, the business is performing strongly.

• This topic was modified 8 months, 4 weeks ago by Nick Hargrave.

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