Etisalat reports 27% rise in net income in 2012

Etisalat Group today announced its consolidated financial results for the year ending December 31, 2012 showing two per cent year-on-year growth in revenues. Net revenue for the year was AED32.9 billion (US$9 billion), while net profit increased to AED13.2 billion before Federal Royalty, up 27 per cent year-on-year.

Etisalat Group aggregate subscriber number grew to 139 million at the end of December 2012 representing year-on-year growth of 18 per cent across its 15 countries of operation. The Group reported strong net additions of 21 million subscribers as a result of growth across all of its operations.