GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

Abu Dhabi, 25 October 2017:  Etisalat Group today announced its consolidated financial statement for the three months ending 30th September 2017.

Financial Highlights and Key Developments of Q3

  • Consolidated net profit after Federal Royalty amounted to AED 2.4 billion resulting in a net profit margin of 19% and increased year over year by 29%.
  • Group consolidated revenues amounted to AED 12.9 billion. Etisalat UAE Revenues amounted to AED 7.6 billion representing 3% increase year over year.
  • Etisalat UAE net profit amounted to AED 2.0 billion representing 4% increase year over year.
  • Aggregate subscriber base reached 140 million. In the UAE Subscriber base reached 12.5 million representing Year over Year increase of 2%
  • Etisalat signed a strategic partnership as part of Dubai Future Accelerators program to bring future medical care solutions to UAE and MENA
  • Etisalat launches first IPX Exchange platform in MEA, which will augment its already existing SmartHub data center services.
  • Etisalat successfully completes the fastest 5G live trial globally reaching 71Gbps
  • Etisalat Launched 4G service in Egypt
  • Etisalat launched new brand targeting the youth in UAE
  • Etisalat wins ‘Best Operator' award from ‘Telecoms World Middle East 2017'
  • Etisalat selected as the digital transformation partner for Dubai International Financial Center (DIFC)'s FinTech accelerator program.
  • Etisalat launches M2M in-vehicle WiFi enabling connected fleets businesses. 

CEO's Message:
Saleh Al Abdooli, Etisalat Group CEO said: Etisalat continues to deliver solid performance in the third quarter, despite the prevailing global economic challenges and the vastly transforming industry. We are on the verge of entering a new era, which transcends any technological disruption we ever witnessed, and will be altering and reshaping our society and industry on a large scale.

We always strive to remain one-step ahead and to harness the power of technology for the greater value of our customers and communities. Our digital agenda has enabled us to enhance our internal operations and widened the spectrum of our offerings. It remains the key driving force while we are probing the potential that emergent streams, as in Robotics and Artificial Intelligence, can bring to us.

Within the overall scheme of things, innovation remains at the core of our priorities, we believe in nurturing open innovation and in developing a favourable 
ecosystem through successful collaborations and targeted investments in future technologies. We are adamant when it comes to our innovation leadership and utilizing it in delivering smarter solutions and adding value to our customers and shareholders.

Etisalat is confidently moving forward and progressing positively in enriching lives and enabling societies across its footprint. As a group, we will always assure a vigorous portfolio that is generating synergy, focusing on customer experience, growing value, and operating as one family.

As we look back at our achievements, we sense and honor the great support that was extended to us by the wise leadership of the UAE, who did not only enable the creation of a world class telecom sector, but are also leading the way and acting as role models in technology adoption. Appreciation is also extended to our shareholders and loyal customer, to whom we owe more success and greater achievements.

Subscribers
Etisalat UAE Subscriber base reached 12.5 million representing Year over Year increase of 2 % 

Revenue
Etisalat UAE Revenues amounted to AED 7.6 billion representing Year over Year increase of 3 %

Net Profit
Etisalat UAE net profit amounted to AED 2.0 billion representing 4 % increase year over year.

EBITDA
Etisalat UAE EBITDA for Q3 totalled AED 4.1 billion representing 1% increase year over year and resulting in EBITDA margin of 54%.



Posted by : GoDubai Editorial Team
Viewed 6259 times
Posted on : Wednesday, October 25, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Cisco And Google Partner On New Hybrid Cloud Solution
Next Story : Huawei defines role of 5G in region's digital transformation
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
100% Vegan New… Body Yogurts 15 Seconds to Glowing Healthy-looking Skin Spoon It on
Therése Neaimé- Sold to perfection
Linda Paradis brings non-invasive ink removal to Dubai
Timeless Ties
Sony's PXW-Z280, World's first 4K 3-chip Camcorder with new 1/2-type Exmor R CMO...
IKEA announces latest INDUSTRIELL and HJÄRTELIG Collections
Martin Hoping for Amstel Gold as Irishman Leads Team to Ardennes Classics
HP's New High-Performance Workstations Push Creative and Technical Workflows to ...
Tommy Hilfiger's SS2018 men's and women's watch collection
COLAB - Dry Shampoo
Boss watches presents the Ocean Edition
The Chronofighter Grand Vintage by Graham is exactly as big as it appears in the...
Accessories Collection 2018 Gentleman Attitude
Al-futtaim Names Its New Dubai Lifestyle Mall – ‘Festival Plaza'
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
Skyline Mega Fitness Challenge Sparked Positivity and Happiness
MG Motor and Al Yousuf Motors Open New Dubai Showroom
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
Latifa bint Mohammed visits PCFC's stand at DIGAE, hails state-of-art initiatives
Summertime Beauty Picks at Glambeaute.com
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Sony unleashes refined creativity with the new FS5 II
Get the best bargains at Dragon Mart's End of Season Clearance Market
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
Skyline University College Economics Day 2018: One Step towards Tomorrow
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre
Indie Film ‘Selfie' Premieres in Dubai
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
ETIHAD AIRWAYS BOOSTS SERVICES TO MOROCCO
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
Get Vibrant and lively hair with Rahua's new Color Full Range
Finnair to offer a hand baggage only ticket type on selected North Atlantic routes
HONEYWELL TO INSPIRE NEXT GENERATION OF PROGRAMMERS AND SCIENTISTS AT THINK SCIE...
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
Filorga Mesotherapist Derma Roller
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
Ferrari World Abu Dhabi Takes Home MENALAC 2018 Best Theme Park Award
Penny Scallan Design Launches in the Middle East
New XE 300 Sport Edition Wins Gripping Ice Race
10 Kg gold for 100 winners at Malabar Gold & Diamonds
Olivia Burton Marble Florals - Embrace these styles for a new artistic way to wo...
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
Genesis G70 Luxury Sedan Arrives in Middle East
Qualcomm Unveils the Vision Intelligence Platform Purpose-built for IoT Devices ...
Lingual Orthodontic Treatment now a reality at Al Mariffa Medical Center
Munich Airport reports record net annual profit of €155 million for 2017
Understanding what women want Balmain reveals the Madrigal Mini II
Salem Ahmad Almoosa Enterprises to recognize talent and skills of young Quran me...