By Kyle Morris
Helios Towers PLC said Thursday that adjusted earnings and revenue for the first quarter rose thanks to organic demand and that it has reiterated its guidance.
The telecommunications-infrastructure company, which focuses on Africa and the Middle East, said its adjusted earnings before interest, taxes, depreciation and amortization for the first three months of the year rose to $66.7 million from $55.8 million a year earlier, driven by the three acquisitions in the past 12 months and organic tenancy growth.
Revenue for the period was $127.5 million compared with $103.6 million a year earlier.
Helios Towers reiterated guidance and continues to target capital expenditure of $810 million to $850 million in 2022.
Shares in Helios Towers at 0715 GMT were up 2.80 pence, or 2.5%, at 112.90 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
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