UAE: e&’s H1 revenues rise 1.1% to Dh26.6 billion

UAE: e&’s H1 revenues rise 1.1% to Dh26.6 billion

The company’s board approves an interim dividend of 40 fils per share for H1 2023

Published: Tue 1 Aug 2023, 9:25 PM

e&, earlier known as Etisalat Group, on Tuesday said it consolidated revenues during the first half of 2023 reached Dh26.6 billion, a year-on-year increase of 1.1 per cent.

The company announced a consolidated net profit of Dh4.7 billion for H1 2023 as compared to Dh4.86 billion for the same period last year. While consolidated EBITDA reached Dh12.8 billion.

The company’s board approved an interim dividend of 40 fils per share for H1 2023.

In the UAE, etisalat by e& recorded 13.9 million subscribers an increase of 5.1 per cent compared to the same period last year. The Group’s aggregate subscribers reached 165 million, a year-on-year increase of 3.1 per cent.

e&’s telecom arm etisalat by e& demonstrated strong performance during the first half of the year with continuous increase in subscribers across both mobile and fixed services leading to a total of 5.1 per cent subscriber growth compared to the same period last year, while overall revenue grew across all categories by 5.8 per cent during the second quarter this year.

Mobile subscribers grew by 5.7 per cent compared to the same period last year