Etisalat Group reports stable Q1 performance

Etisalat Group reported first quarter revenue of AED8.205 billion (US$2.235 billion), an increase of two per cent over the same period in 2011. Revenue generated from international operations grew 21 per cent year-on-year, with the telco reporting operating profit before federal royalty of AED3.43 billion, representing a margin of 42 per cent.

Net profit for the period amounted to AED1.809 billion, flat from the AED1.8 billion recorded in the first quarter of 2011. Aggregate active subscribers increased from 135 million at the end of Q111 to 169 million at the end of Q112, representing a growth rate of 25 per cent.