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Etisalat Group posts 6 pct growth in Q3 consolidated net profit

October 22, 2020 / 12:47 AM
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Sharjah 24 – WAM: Etisalat Group has reported consolidated net profits of AED2.41 billion for Q3- 2020, a 6 percent growth over the corresponding quarter of 2019.
According to the consolidated financial results released today by Etisalat Group, the company has generated revenues of AED38.64 billion in the January-September period of 2020, down 0.5% from AED 38.85 billion in the year-ago period. The Group aggregate subscribers reached 149 million representing a year on year increase of 1 percent. Consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) amounted to AED6.9 billion, representing an increase of 2 percent YoY. The Acting CEO of Etisalat Group, Hatem Dowidar, commented: "Etisalat’s performance in the third quarter exemplifies resilience in these uncertain times the world is going through."
October 22, 2020 / 12:47 AM

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