Etisalat’s Q2 profit rises 12.4% to AED2.2 billion

Abu Dhabi / Emirates Business

Etisalat Group on Tuesday announced its consolidated financial results for H1 ending on June 30, 2018.
The group’s consolidated net profit for first half of 2018 amounted to AED4.3 billion, representing 6% increase year over year, while the consolidated revenues amounted to AED26.2 billion, representing 4 percent increase year over year.
Essa Mohamed Al Suwaidi, Chairman of Etisalat Group, said, “Etisalat Group’s financial performance of the first half of this year showcased its ability to innovate and lead in the telecom and digital services arena. The financial performance continue to lay a solid foundation for investment, hence, enabling Etisalat to introduce solutions that will reshape the industry and change the business operating dynamics.”
The second quarter consolidated revenues amounted to AED13.1 billion representing 2 percent increase comparing to Q2 2017. The second quarter consolidated net profit amounted to AED2.2 billion representing 12.4 percent increase comparing to Q2 2017.