Etisalat Announces H1 2010 Financial Results

Etisalat today announced its consolidated financial results for the first six months of the year 2010, Growth of 2% in Etisalat net consolidated revenues to reach AED 16 billion compared to AED 15.7 billion recorded during the same period in 2009. Etisalat recorded net profit of AED 3.9. billion for the group compared to AED 4.6 billion recorded during the same period in 2009.

Net assets also increased by 2.5% to reach AED 41.4 billion compared to AED 40.4 billion recorded last year. Earnings per share have reached AED 0.49 during the first half of year 2010.

In the second quarter, Etisalat's Net Revenues were AED 8.1 billion and Net Profits were AED 1.9 billion compared to AED 8.1 billion and AED 2.4 billion in the same period last year.