Etisalat records impressive 17% rise in Q2 net profit

Etisalat today announced a net profit after federal royalty of AED 1.9 billion (US$518 million) for the Q212 to June 30, up three per cent quarter-on-quarter, and 17 per cent a year-on-year. Group consolidated revenue for the period amounted to AED 8.25 billion, up four per cent year-on-year.

Consolidated EBITDA increased by 16 per cent to AED 4.3 billion over the same period last year, while EBITDA margin improved six points to 52 per cent.

Revenue from international operations grew by 14 per cent to AED 2.3 billion while their contribution to the top-line reached 28 per cent.

Etisalat Group aggregate subscriber numbers grew to 172 million by the end of June representing year-on-year growth of 22 per cent and quarter-on-quarter growth of two per cent. Subscriber growth was mainly driven by new products and services in the mature markets and by further market penetration in growth markets.

In the UAE, Etisalat’s active subscriber base grew to 8.9 million, up seven per cent year-on-year and two per cent quarter-on-quarter. Mobile subscribers grew to seven million, up nine per cent year-on-year.