UAE: Tecom Group posts 20% higher profits in 9M-23
Tecom Group logged net profits valued at AED 767.54 million in the first nine months (9M) of 2023, an annual surge of 20% from AED 639.06 million.
Revenues stood at AED 1.58 billion during January-September 2023, up 7% year-on-year (YoY) AED 1.47 billion, according to the income statements.
Basic and diluted earnings per share (EPS) attributable to the shareholders increased to AED 0.15 in 9M-23 from AED 0.13 a year earlier.
Total assets amounted to AED 14.66 billion in 9M-23, versus AED 14.55 billion as of 31 December 2022.
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