Abu Dhabi: Etisalat Q2 Net Profit Up 6 Pct, Subscriber Base Up 2 PctSource: www.export-egypt.com 7/26/2017, Location: Middle East |
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United Arab Emirates-based telecoms operator Etisalat said it posted a 6 percent increase in second-quarter profit from a year earlier.
Etisalat, which recently pulled out of Nigeria, made a net profit of 2.2 billion dirhams ($600 million) in the three months to June 30, it said in a statement . It did not elaborate if this figure was attributable to shareholders and did not provide a year earlier figure with the statement. Thomson Reuters data showed its net profit atriibutable to shareholders was 2.31 billion dirhams in the same quarter a year earlier. SICO Bahrain and EFG Hermes forecast a quarterly profit of 2.19 billion dirhams and 2.18 billion dirhams respectively Etisalat UAE subscriber base reached 12.4 million up 2 percent from a year earlier. Earlier this month, Etisalat terminated a management agreement with its Nigerian arm and has given the business time to phase out the Etisalat brand in Nigeria, the chief executive of Etisalat International told Reuters. Etisalat had a 45 percent stake in the Nigerian business. |
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