Etisalat Group reports $1.2bln consolidated net profits for H1 2020 – ZAWYA

Etisalat Group reports $1.2bln consolidated net profits for H1 2020 – ZAWYA

etisalat group reports $1.2bln consolidated net profits for h1 2020 subscriber base reached 146mln and the consolidated revenues amounted to $6.9bln    etisalat business center, dubai. image used for illustrative purpose.abu dhabi - etisalat group today announced aed4.6 billion in consolidated net profits for h1 2020, a yoy increase of 3%.in a statement, the group said its subscriber base reached 146 million and the consolidated revenues amounted to aed25.6 billion. the consolidated net profit after federal royalty reached aed4.6 billion representing a year over year increase of 3% and resulting in a net profit margin of 18%.the consolidated ebitda totaled aed 13.2 billion resulting in ebitda margin of 52%.in a statement, the group said its subscriber base reached 146 million and the consolidated revenues amounted to aed25.6 billion. the consolidated net profit after federal royalty reached aed4.6 billion representing a year over year increase of 3% and resulting in a net profit margin of 18%.more than 10 million etisalat mobile subscribers enjoyed free browsing to over 800 websites related to education, health and safety.commenting on the financial results, obaid humaid al tayer, chairman of etisalat group said, "etisalat group has delivered a good performance in the first half of 2020