Etisalat Group today announced its consolidated financial results for the first three months ending March 31, 2020, explaining that the value of its consolidated revenues reached 13.1 billion dirhams, an annual increase of 1%, while the value of the consolidated net profit after deducting the federal concession right reached 2.2 One billion dirhams, with a net profit margin of 17%.
The group said in a statement that, as part of Etisalat's support and contribution to the community and its shareholders, the Board of Directors approved the distribution of interim dividends of 25 fils per share.
According to the statement, the total subscriber base of "Etisalat Group" reached 150 million subscribers, which represents an annual increase of 5%, while the subscriber base of "Etisalat" in the UAE grew during the first quarter of this year to reach 12.7 million subscribers.
The profits of the consolidated “Etisalat Group” before calculating interest, tax, depreciation and amortization amounted to 6.7 billion dirhams, an annual increase of 1.5% and an annual margin of 51%.
“Etisalat has demonstrated a high capacity and great commitment to the communities it serves, to ensure business continuity and readiness, and to minimize the impact of the challenges we are witnessing today on its operations, and in a manner that has contributed to providing its various services,” said Obaid Humaid Al Tayer, Chairman of Etisalat Group. Seamlessly to all of its customers, ”he said, adding,“ From here, the performance of (Etisalat) came during the first quarter to reflect flexibility in dealing with market challenges, and with the unprecedented pressures facing the global telecom sector. ”