Etisalat Group’s Q1 results reflect rebound

Etisalat Group reported that its aggregate subscriber base reached 173 million at the end of March 2015, representing net additions of 28 million subscribers for the previous 12 months.

Consolidated net profit for the quarter after Federal Royalty amounted to AED2.2 billion (US$602 million) reflecting a net profit margin of 17 per cent, up from eight per cent a year earlier.

Consolidated revenues for Q115 amounted to AED 12.9 billion, up 30 per cent year-on-year. Consolidated EBITDA for the first quarter totalled AED 6.6 billion, 33 per cent year-on-year, resulting in an EBITDA margin of 51 per cent.