{"id":9583,"date":"2018-10-25T12:52:01","date_gmt":"2018-10-25T08:52:01","guid":{"rendered":"http:\/\/www.middleeastevents.com\/blog\/?p=9583"},"modified":"2018-10-25T12:52:01","modified_gmt":"2018-10-25T08:52:01","slug":"etisalat-group-reports-a-3-increase-in-consolidated-revenues-for-the-first-nine-months-of-2018-to-aed-39-4-billion","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/etisalat-group-reports-a-3-increase-in-consolidated-revenues-for-the-first-nine-months-of-2018-to-aed-39-4-billion\/","title":{"rendered":"Etisalat Group Reports A 3% Increase In Consolidated Revenues For The First Nine Months Of 2018 To AED 39.4 Billion"},"content":{"rendered":"

Etisalat Group today announced its consolidated financial statement for the nine months ending 30th<\/sup> September 2018.<\/p>\n\n\n\n
\u00a0Financial Highlights and Key Developments <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Nine month consolidated revenues reached to AED 39.4 billion, an increase of 3% compared to same period last year.<\/p>\n

    \n
  • Nine month consolidated net profit after Federal Royalty amounted to AED 6.6 billion an increase of 2% compared to same period last year.<\/li>\n
  • Aggregate subscriber base reached 144 million; representing Year over Year increase of 3%.<\/li>\n
  • Etisalat Group was granted the approval of the Securities and Commodities Authority on the\u00a0share buyback program.<\/li>\n
  • Etisalat Group\u2019s board of directors recommends lifting restrictions on foreign shareholders voting rights.<\/li>\n
  • Etisalat Misr and Telecom Egypt signed the first MoU for virtual fixed voice services.<\/li>\n
  • Etisalat Misr launched Egypt’s First Voice Over LTE (VoLTE) services.<\/li>\n
  • Expo 2020 Dubai becomes first 5G major commercial customer in MEASA through partnership with Etisalat.<\/li>\n
  • Etisalat launched innovation program \u2018Future Now\u2019 featuring a scale-up program, co-creation lab, innovation center & IoT ecosystem.<\/li>\n
  • Etisalat partners with UAE Paralympics at Asian Para Games.<\/li>\n
  • Etisalat brings iPhone XS, iPhone XS Max, Apple Watch Series 4 (GPS + Cellular) to UAE.<\/li>\n
  • Etisalat introduces free \u2018Talking Bill\u2019 service for People of Determination.<\/li>\n
  • Etisalat launches first \u2018Annual Add-on\u2019 data packs in the UAE<\/li>\n
  • Microsoft and Etisalat UAE to bring GCC\u2019s first mobile carrier payment option to Xbox gamers.<\/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 Group continues to deliver a solid performance in the third quarter thanks to our continued focus and effort in the digitalisation of services and solutions. As we move into the 5G era, our network and talented teams are well equipped to lead the ever-changing requirements of our consumers and the telecom industry.<\/p>\n

    \u201cIn keeping the momentum of our success and focusing on adding value to our customers and shareholders, we remain committed to bring innovative solutions and provide value propositions for the digital age. Our efforts have helped build a dynamic ecosystem that will drive future growth and pave the way for our digital ambitions and implementation of futuristic technologies.<\/p>\n

    \u201cEtisalat is confidently moving forward and progressing positively in enabling societies across its operations. We will continue to focus on creating innovative services, capitalizing on opportunities for new revenue streams and enhancing overall customer experience while delivering long-term value for all our stakeholders.\u201d<\/p>\n

    \u201cEtisalat is thankful to the vision of the wise leadership of UAE in positioning the country among the most digitally advanced globally, inspiring us to deliver world class networks and innovative services. We also extend appreciation to our shareholders and loyal customers, to whom we owe more success and greater achievements.\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 12.5 million subscribers, while Etisalat Group aggregate subscribers reached 144 million subscribers representing a year on year increase of 3%.<\/p>\n\n\n\n
    Q3 \u2013 Revenue & Net profit <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Etisalat Group\u2019s consolidated revenue for the third quarter of 2018 amounted to AED 13.2 billion with growth of 2% in comparison to the same period last year, Consolidated net profit after Federal Royalty amounted to AED 2.3 billion resulting in a net profit margin of 17%.<\/p>\n

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

    Etisalat Group today announced its consolidated financial statement for the nine months ending 30th September 2018. \u00a0Financial Highlights and Key Developments Nine month consolidated revenues reached to AED 39.4 billion, an increase of 3% compared to same period last year. Nine month consolidated net profit after Federal Royalty amounted to AED 6.6 billion an increase […]<\/p>\n","protected":false},"author":1,"featured_media":9584,"comment_status":"open","ping_status":"open","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-9583","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\/9583","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=9583"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/9583\/revisions"}],"predecessor-version":[{"id":9585,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/9583\/revisions\/9585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/9584"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=9583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=9583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=9583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}