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Tuesday, 14 February 2017

Etisalat profit edges up on growing UAE revenues | Reuters

Etisalat profit edges up on growing UAE revenues | Reuters:

"Higher revenues in its domestic market enabled United Arab Emirates-based telecommunications operator Etisalat to report a slightly higher profit on Tuesday.

Etisalat said UAE revenues rose by 5.5 percent due to strong data services and use of broadband solutions, while its Moroccan affiliate Maroc Telecom also performed well as overall group revenues rose 2 percent to 52.36 billion dirhams.

Net profit attributable to equity holders climbed 1.9 percent to 8.42 billion dirhams ($2.29 billion) in 2016, Etisalat said, adding that 2015 earnings had been restated."



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