etisalat group reports net profit of aed24 bn for q3 2017 up 29 yoy
Saturday 1 March 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

Etisalat Group reports net profit of AED2.4 bn for Q3 2017, up 29% YoY

Arab Today, arab today

Arab Today, arab today Etisalat Group reports net profit of AED2.4 bn for Q3 2017, up 29% YoY

Etisalat Group reports net profit of AED2.4 bn for Q3 2017, up 29% YoY
Abu Dhabi - Arab Today

Etisalat Group has reported a 29 percent increase in its net profit, after Federal Royalty, for the third quarter of 2017 with consolidated net profit reaching at AED2.4 billion resulting in a net profit margin of 19 percent.

Consolidated revenues amounted to AED12.9 billion, the Group said in a press release announcing its consolidated financial statement for the three months ending 30th September 2017.

Etisalat UAE revenues amounted to AED7.6 billion representing a 3 percent increase year-on-year. Its net profits for Q3 increased 4 percent YoY to stand at AED2 billion. EBITDA totalled AED4.1 billion, representing a one percent increase year-on-year and resulting in EBITDA margin of 54 percent.

The aggregate subscriber base reached 140 million. The UAE subscriber base increased 2 percent YoY to reach 12.5 million.

Saleh Al Abdooli, Etisalat Group CEO, said, "Etisalat continues to deliver a solid performance in the third quarter, despite the prevailing global economic challenges and the vastly transforming industry. We are on the verge of entering a new era, which transcends any technological disruption we ever witnessed and will be altering and reshaping our society and industry on a large scale.'' ''We always strive to remain one step ahead and to harness the power of technology for the greater value of our customers and communities. Our digital agenda has enabled us to enhance our internal operations and widened the spectrum of our offerings. It remains the key driving force while we are probing the potential that emergent streams, as in Robotics and Artificial Intelligence, can bring to us,'' he added.

''Within the overall scheme of things, innovation remains at the core of our priorities, we believe in nurturing open innovation and in developing a favourable ecosystem through successful collaborations and targeted investments in future technologies. We are adamant when it comes to our innovation leadership and utilising it in delivering smarter solutions and adding value to our customers and shareholders,'' Al Abdooli concluded.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

etisalat group reports net profit of aed24 bn for q3 2017 up 29 yoy etisalat group reports net profit of aed24 bn for q3 2017 up 29 yoy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

etisalat group reports net profit of aed24 bn for q3 2017 up 29 yoy etisalat group reports net profit of aed24 bn for q3 2017 up 29 yoy

 



GMT 19:12 2018 Wednesday ,03 January

Dubai adds two stunning landmarks in 2017

GMT 17:23 2017 Friday ,21 April

Raja’s footballer happy for returning to pitch

GMT 15:08 2017 Monday ,18 September

Bale strikes in vital Madrid win at Sociedad

GMT 22:37 2016 Wednesday ,10 February

New tarantula is named after music legend Johnny Cash

GMT 10:51 2017 Monday ,23 January

Actress Reham Hagag considers herself lucky

GMT 18:46 2018 Wednesday ,19 September

Premier highlights importance of peace, development

GMT 16:58 2015 Tuesday ,20 October

UAE Ministry of Finance launches eD-Voucher

GMT 03:00 2018 Thursday ,04 January

High-tech ship en route to resume hunt for MH370

GMT 14:17 2012 Friday ,18 May

US seeks cash for Afghan army

GMT 15:42 2015 Monday ,14 September

North Korea hints at possible rocket launch

GMT 17:50 2011 Wednesday ,23 February

Arsenal look for win in Premiership after FA shock

GMT 13:17 2016 Sunday ,19 June

Oman raises $2.5B in bonds to meet deficit

GMT 00:24 2017 Friday ,06 October

Security Council backs Guterres to head UN

GMT 02:09 2017 Sunday ,01 October

February20th-March20th

GMT 08:48 2011 Tuesday ,31 May

NBA pushes into India with media deal

GMT 23:58 2017 Saturday ,30 September

Polish man dead at Berlin Xmas market was 'shot
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday