Etisalat reports US$1.4 billion profit in the first nine months of 2011 - bi-me.com

Etisalat today announced a Group net profit after federal royalty of AED5.13 (US$1.4 billion) for the nine month period ended 30 September 2011.

Etisalat Group recorded a 9% growth in third quarter stand-alone revenue, resulting in year-to-date Group revenues of AED 24.01 billion (US$6.5 billion), an increase of 3% over the same period of the prior year.

Revenue earned from international operations contributed 26 percent to overall revenue and increased 18 percent on the same period last year. Operating margins also remained resilient, with operating profit before federal royalty of AED 9.94 billion, representing a margin of 41%.

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