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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& Q1 net profit $653m

The company's consolidated revenues grew 10.1% to USD 16.12 billion in 2024.
  • At constant exchange rates, revenue rose 3.5 percent and EBITDA was up 2.8 percent year-over-year
  • The number of Etisalat UAE subscribers reached 13.1 million in Q1 2022

e& (formerly known as Etisalat Group) has posted a net profit of AED 2.4 billion ($653 million) for the first quarter of 2022, a year-over-year increase of 3.6 percent.

The company said its consolidated revenues increased by 0.8 percent to AED 13.3 billion, while EBITDA reached AED 6.8 billion, an increase of 0.5 percent year-over-year, resulting in an EBITDA margin of 51 percent.

At constant exchange rates, revenue increased by 3.5 percent and EBITDA increased by 2.8 percent year-over-year.

The number of Etisalat UAE subscribers reached 13.1 million in Q1 2022, while aggregate group subscribers reached 159 million, representing an increase of 2 percent over the same period last year.

Hatem Dowidar, Group CEO of e&, said: “Our first quarter results are a testament to the effectiveness with which we have begun the new chapter of our journey as a global technology and investment conglomerate that digitally empowers societies.”