Helios Towers 1Q Adjusted Earnings, Revenue Rose on Organic Demand – MarketWatch

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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