{"id":17224,"date":"2019-10-23T13:25:54","date_gmt":"2019-10-23T09:25:54","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=17224"},"modified":"2019-10-23T13:25:54","modified_gmt":"2019-10-23T09:25:54","slug":"etisalat-group-reports-a-2-1-increase-in-consolidated-net-profit-for-the-first-nine-months-of-2019-to-aed-6-7-billion","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/etisalat-group-reports-a-2-1-increase-in-consolidated-net-profit-for-the-first-nine-months-of-2019-to-aed-6-7-billion\/","title":{"rendered":"Etisalat Group Reports A 2.1 % Increase In Consolidated Net Profit For The First Nine Months Of 2019 To AED 6.7 Billion"},"content":{"rendered":"

Etisalat Group today announced its consolidated financial statement for the nine months ending 30th<\/sup> September 2019.<\/p>\n\n\n\n
Financial Highlights and Key Developments <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
    \n
  • Aggregate subscriber base reached 148 million; representing Year over Year increase of 5%.<\/li>\n
  • Nine month consolidated revenues reached to AED 38.8 billion, while consolidated net profit after Federal Royalty for the Nine month amounted to AED 6.7 billion an increase of 2.1% compared to same period last year.<\/li>\n
  • Nine month Consolidated EBITDA amounted to AED 20.1 billion, representing an increase of 2% year over year and resulting in EBITDA margin of 52%.<\/li>\n
  • Etisalat signed a binding agreement to acquire Help AG, one of the regional leaders in Cyber Security solutions in the UAE and KSA<\/li>\n
  • Etisalat Digital and Microsoft partner to deliver intelligent cloud solutions for its enterprise customers<\/li>\n
  • Etisalat named \u2018Best Regional Wholesale Carrier\u2019 by Telecoms World Middle East<\/li>\n
  • Etisalat Launches MENA\u2019s first 5G roaming agreement.<\/li>\n
  • Etisalat makes 5G connectivity available in the world\u2019s tallest and iconic tower \u2018Burj Khalifa\u2019<\/li>\n
  • Etisalat Academy is now GCC\u2019s first accredited Service Automation Framework (SAF) Training Centre<\/li>\n<\/ul>\n\n\n\n
    CEO\u2019s Message:<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Eng. Saleh Abdullah Al Abdooli, CEO, Etisalat Group said: \u201cEtisalat\u2019s performance in the third quarter demonstrates our agility in adapting to the rapid changes in the telecom industry; we have channelled our efforts towards leading the digital transformation with the successful roll out of 5G networks while equipping our operations with the next generation of technologies like AI and robotics.<\/p>\n

    \u201cThanks to our strategy of \u2018Driving the digital future to empower societies\u2019 paving the way to achieve our digital ambitions. As we move into the 5G era, it has opened a world of opportunities enabling the deployment of innovative solutions and services across different sectors which will accelerate digital growth, drive efficiencies, and enrich the overall customer experience.<\/p>\n

    \u201cWith continuous collaboration with our partners in the public and private domains, we are well geared to deliver 5G innovative solutions that will alter and reshape our society and industry on a large scale. Our investments in Etisalat\u2019s infrastructure and human capabilities have given us confidence moving forward to achieve our strategic goals to meet the current and future needs of our customers across our operations.\u201d<\/p>\n

    \u201cEtisalat is thankful to the vision and support of the wise leadership of the UAE in inspiring us to deliver world-class networks and innovative services. We also extend appreciation to our shareholders and loyal customers who are at the heart of everything we do.\u201d<\/p>\n\n\n\n
    Q3 – Subscribers<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    In the UAE, the subscriber base reached to 12.4 million subscribers, while Etisalat Group aggregate subscribers reached 148 million subscribers representing a year on year increase of 5%.<\/p>\n\n\n\n
    Q3 \u2013 Revenue & Net profit\u00a0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Etisalat Group\u2019s consolidated revenue for the third quarter of 2019 amounted to AED 13.0 billion, while Consolidated net profit after Federal Royalty amounted to AED 2.3 billion resulting in a net profit margin of 18%.<\/p>\n\n\n\n
    Q3 – EBITDA<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Consolidated EBITDA totaled AED 6.8 billion, representing an increase of 3% year over year and resulting in EBITDA margin of 52%.<\/p>\n

    \"\" \"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

    Etisalat Group today announced its consolidated financial statement for the nine months ending 30th September 2019. Financial Highlights and Key Developments Aggregate subscriber base reached 148 million; representing Year over Year increase of 5%. Nine month consolidated revenues reached to AED 38.8 billion, while consolidated net profit after Federal Royalty for the Nine month amounted […]<\/p>\n","protected":false},"author":1,"featured_media":17225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/17224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=17224"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/17224\/revisions"}],"predecessor-version":[{"id":17227,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/17224\/revisions\/17227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/17225"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=17224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=17224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=17224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}