#UAE Etisalat Group's 2021 net profit up 3.2% to $2.5bln | ZAWYA MENA Edition

UAE Etisalat Group's 2021 net profit up 3.2% to $2.5bln | ZAWYA MENA Edition

UAE telecom firm Etisalat Group, now known as e&, saw its net profit jump by 3.2 percent in 2021, driven by higher revenues and a growing subscriber base.

Total net profit for the year reached 9.3 billion dirhams ($2.5 billion), compared to 9 billion dirhams in the previous year.

Revenue for the same period grew 3.2 percent to 53.3 billion dirhams, while earnings per share went up from 1.04 dirhams to 1.07 dirhams, the company said in a statement.

During 2021, Etisalat's UAE subscriber base reached 12.7 million, while aggregate subscriber base touched 159 million, representing a year-over-year increase of 3 percent.