The Etisalat Group has seen its consolidated revenues in the third quarter of 2021 rise 2 percent, according to local reports.
Announcing its financial statement for the quarter ended September 30, Etisalat said its consolidated revenues in Q3 reached AED13.3 billion ($3.62 billion), an increase of 2 percent compared to same period last year.
Consolidated net profit after Federal Royalty amounted to AED2.4 billion ($653.5 million), an increase of 1 percent compared to same period last year.
In the quarter, consolidated EBITDA amounted to AED 6.7 billion ($1.82 billion), resulting in an EBITDA margin of 51 percent.
Consistent performance in the first nine months Etisalat Group management improved full-year 2021 guidance for all financial indicators, said the local reports.
In the UAE, the subscriber base reached to 12 million, while the Etisalat Group aggregate subscribers reached 155.4 million representing a year-on-year increase of 4 percent.
Etisalat Group Hatem Dowidar was quoted by the local reports as saying that the group “continued to deliver a steady growth in the third quarter of 2021.”
He added: “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.”
