Media ININ Economy We Trust
Media IN/ ABU DHABI, 23rd April, 2019
Etisalat Group today announced that its consolidated revenues amounted to AED 13 billion and consolidated net profit after Federal Royalty amounted to AED 2.2 billion representing a year over year, y-o-y, increase of five percent and resulting in a net profit margin of 17 percent.
Etisalat’s financial statements for the three months ending 31st March 2019, showed that in the UAE the subscriber base reached 12.6 million subscribers in Quarter 1 of 2019, while aggregate subscriber base reached 143 million, representing a y-o-y increase of two percent.
It’s aggregate subscriber base reached 143 million, representing a y-o-y increase of two percent. Consolidated EBITDA totaled AED6.6 billion, representing an increase of two percent y-o-y and resulting in EBITDA margin of 51 percent. Earnings per share amounted to AED0.25 in Q1 2019; a five percent increase from the same period last year.
Saleh Abdullah Al Abdooli, Etisalat Group CEO, said, “Etisalat’s solid performance of the first quarter is a promising start for 2019, an extension for our achievements of last year, and a testimony to the efforts in realising our vision and ambitions toward driving the digital future to empower societies.”
