2.4 billion dirhams, the quarterly net profit of Etisalat Group

The total subscriber base of the «Etisalat Group» has reached 149 million

Yesterday, Etisalat Group announced its consolidated financial results for the third quarter of this year, which ended on September 30, 2020.

The group confirmed in a statement yesterday that the total subscriber base of the «Etisalat Group» reached 149 million subscribers, with an annual increase of 1%, while the value of the consolidated «Etisalat Group» revenues, during the third quarter of this year, reached 13 billion dirhams, in When its consolidated net profits, after deducting the federal franchise, reached 2.4 billion dirhams, with an annual increase of 6%, compared to the same period last year.

The total value of consolidated interest, tax, depreciation and amortization during the third quarter reached 6.9 billion dirhams, with an annual increase of 2%, resulting in an interest, tax, depreciation and amortization margin of 53%.

“Etisalat’s performance during the third quarter of this year has shown flexibility in interacting with the unprecedented circumstances the world is going through, which confirms the importance of the important and pivotal role,” said Acting Chief Executive Officer of International Operations at Etisalat Group. What was played by the capabilities of (Etisalat) network, in enabling clients, individuals and institutions, to perform their duties and work with ease and ease, despite these challenges and circumstances. ”

He added: “Thanks to its most advanced and advanced infrastructure in the region, Etisalat is constantly working to seize the various growth opportunities provided by the current circumstances, with the company’s constant keenness to meet the current and future needs of its customers, and in a way that supports its efforts to achieve its strategic vision of leading The digital future of empowering societies ».

Dewidar pointed out that the success of «Etisalat» in launching the 5G network and in providing high-speed Internet services to its subscribers, relying on the fixed fifth generation network, is a testament to the company's efforts in this direction.

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