Wednesday 14 February 2018

UAE telco Etisalat Q4 profit falls 12% | ZAWYA MENA Edition

UAE telco Etisalat Q4 profit falls 12% | ZAWYA MENA Edition:

"UAE telecoms company Etisalat ETEL.AD on Wednesday reported a 12 percent fall in fourth-quarter profit, according to Reuters calculations.

Etisalat, which directly and indirectly operates in countries across the Middle East, Africa and Asia, made a net profit of 1.97 billion dirhams ($536.4 million), in the three months to Dec. 30, Reuters calculated from annual financial statements in the absence of a quarterly breakdown.

This compares with a net profit of 2.24 billion dirhams in the same period a year ago."



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