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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

e& net profit up 20% in Q3

The consolidated net profit was AED3.0 billion, a year-over-year increase of 20 percent.
  • The company said that at constant exchange rates, consolidated revenue increased by 8 percent and consolidated EBITDA increased by 6.9 per cent.
  • The number of etisalat by e& subscribers in the UAE reached 14.0 million in Q3 2023, representing an increase of 4.7 percent.

Abu Dhabi, UAE — e& has announced third-quarter revenues of AED 13.4 billion ($3.64 billion), with a YoY increase of 3.3 per cent, while consolidated net profit was AED 3 billion, a year-over-year increase of 20 percent.

The company said that at constant exchange rates, consolidated revenue increased by 8 percent and consolidated EBITDA increased by 6.9 per cent, resulting in an EBITDA margin of 51 percent.

The number of etisalat by e& subscribers in the UAE reached 14.0 million in Q3 2023, representing an increase of 4.7 percent over the same period last year, while aggregate group subscribers reached 167 million, a 3.3 percent increase.”

Hatem Dowidar, Group CEO, e&, said, “e&’s strong performance this quarter is a testament to our resilience, and commitment to deliver value and growth to our customers and shareholders. We remain committed to lead the change by taking our first steps in sustainable mobility and transforming our business with AI powered solutions while realizing our vision of digitally empowering societies.”