Celtel more than doubles net profit for 2004

7 Mar 2005

Pan-African mobile group Celtel International has reported a net profit of USD147 million for the full year 2004, up from USD73 million a year earlier. Revenues for the group were up by 62% to USD614 million, thanks in the main to strong growth at its Kenyan unit, while EBITDA rose by 59% to USD200 million and the EBITDA margin declined from 33.3% to 32.6%. The operator invested over USD250 million in infrastructure during the year, up by 140% on the figure for 2003.