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Etisalat 2021 revenue up 3.2%

Its aggregate subscribers reached 164 million, a YoY increase of 3 per cent.
By TRENDS Desk
February 15, 2022 9:32 am
  • The company attributed the growth to increased demand for data connectivity and digital services
  • The growth was also attributed to international operations and improvement in domestic operations

The consolidated revenue for the Etisalat Group for fiscal year 2021 amounted to AED53.34 billion ($14.52 billion), it has announced.

This represented a year-on-year increase of 3.2 percent, or AED1.6 billion ($435.67 million), according to a company disclosure to the Abu Dhabi stock market.

The company attributed the growth to increased demand for data connectivity and digital services.

Its statement added that the growth was also attributed to “international operations as well as steady improvement in domestic operations.”

It added: “Etisalat Group consolidated profit attributable to the owners of the company amounted to AED 9.3 billion ($2.53 billion).”

This, it said, represented a year-on-year increase of 3.2 percent or AED0.29 billion ($78.97 million).

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