Etisalat Group said on Monday that in Q3, its consolidated revenues reached AED 13.3 billion ($3.62 billion), an increase of 2 percent compared to the same period last year, while consolidated net profit after Federal Royalty amounted to AED 2.4 billion, an increase of 1 percent compared to the same period last year.
The company said in a statement that its aggregate subscriber base reached 155.4 million by the end of Q3, representing a year-on-year increase of 4 percent.
In the third quarter, consolidated EBITDA amounted to AED 6.7 billion, resulting in an EBITDA margin of 51 percent.
The company said that in the UAE the subscriber base reached 12 million.
Hatem Dowidar, CEO Etisalat Group, said, “We remain focused on achieving key strategic priorities that would enable a smarter digital tomorrow while opening new opportunities to engage with business and customers alike.”