Etisalat reports 6% rise in second quarter profit - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"Etisalat Group, a leading telecoms operator in the Middle East, Africa and Asia, today announced strong results for the second quarter of 2013, with an increase of quarterly consolidated revenues and subscribers across its operating markets.
Key Highlights for Q2 2013:
• Interim dividend of 35 fils per share, up 40% from the prior year.
• Revenue grew 20% per cent to AED 9.9 billion
• Revenue from international operations grew by 50%
• Aggregate subscribers grew to 143 million;
• Maintained financial flexibility with net cash balance of AED 10.9 billion.
Etisalat Group reported strong consolidated revenues during the second quarter of FY2013 reached AED 9,882 million representing an increase of 20% in comparison to the same period of last year and an increase of 3% in comparison to the first quarter of 2013."
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