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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.

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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