Etisalat’s 2019 net profit flat as revenue falls - The National

Etisalat’s 2019 net profit flat as revenue falls - The National:

Etisalat, the UAE's biggest telecom operator, reported flat full-year net profit in 2019 due to a dip in revenues from international operations and mobile earnings in the UAE.

Net profit attributable to equity holders in the 12 months ended December 31 rose 0.90 per cent year-on-year to Dh8.69 billion – only 78 million more from a year earlier, it said in a statement on Wednesday to the Abu Dhabi Securities Exchange, where its shares trade.

Revenue during the period decreased 0.38 per cent to Dh52.19bn. The company's earnings per share grew slightly to Dh1 in 2019 from Dh0.99 a year earlier.

The company did not disclose its fourth quarter results.