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Etisalat Group posts 6 pct growth in Q3 consolidated net profit

October 22, 2020
telecom

ABU DHABI, 21st October, 2020 (WAM) -- Etisalat Group has reported consolidated net profits of AED2.41 billion for Q3- 2020, a 6 percent growth over the corresponding quarter of 2019.

According to the consolidated financial results released today by Etisalat Group, the company has generated revenues of AED38.64 billion in the January-September period of 2020, down 0.5% from AED 38.85 billion in the year-ago period.

The Group aggregate subscribers reached 149 million representing a year on year increase of 1 percent.

Consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) amounted to AED6.9 billion, representing an increase of 2 percent YoY.

The Acting CEO of Etisalat Group, Hatem Dowidar, commented: 'Etisalat’s performance in the third quarter exemplifies resilience in these uncertain times the world is going through.'

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