Net profit for the first half of 2018 was AED 4.3 billion

MEDIA, Abu Dhabi, July 24, 2018 (WAM)
Etisalat Group today announced its consolidated financial results for the first half ended June 30, 2018. Its net profit after the federal franchise was AED 4.3 billion with an annual growth of 6 per cent.
The total number of subscribers in the first half was 144 million, an annual increase of 4 per cent. Consolidated revenues rose to AED 26.2 billion, an annual increase of 4 per cent compared to the first half of 2017. The subscriber base Via VOLTE technology to more than 1 million subscribers.
“The financial results have demonstrated the company’s leadership position in the telecommunications sector, and we will continue to focus on innovation and launch new digital solutions to take advantage of exceptional opportunities to serve the different sectors,” said Essa Mohammed Al Suwaidi, Chairman of the Group. Is evidence of Etisalat’s relentless efforts to enable digital transformation in the country. ”
“Etisalat’s results for the first half of this year are the result of the Group’s sincere efforts to drive growth and improve operational efficiency while adhering to the strategic priorities that enable the digital future and transform the systems,” said Eng. Saleh Abdulla Al Abdooli, Group CEO. Different to digital environments, stimulating innovation across all businesses. “