Etisalat Group reports Dhs2.3bn consolidated net profit for Q1 2021; up 7.9% y-on-y

Etisalat Group reports Dhs2.3bn consolidated net profit for Q1 2021; up 7.9% y-on-y

UAE's telecom major, Etisalat Group, said that its consolidated net profit, after deduction of the federal royalty, amounted to Dhs2.3bn representing a year-on-year increase of 7.9 per cent and resulting in a net profit margin of 18 per cent.

The company said its aggregate subscriber base reached 156 million as of March 31, 2021, representing a year-on-year increase of 4 per cent.

Consolidated revenues amounted to Dhs13.2bn and consolidated EBITDA totaled Dhs6.8bn, recording an increase of 0.7 per cent year-on-year and resulting in an EBITDA margin of 51 per cent.