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.”
