Etisalat Group today announced its consolidated financial statements for H1 ending 30th June 2017.<\/p>\n\n\n\n
Financial Highlights and Key Developments of H1
Etisalat UAE Revenues amounted to AED 15.4 billion representing a 3% increase year over year.
Etisalat UAE Net profit amounted to AED 4.2 billion representing a 7% increase year over year.
Etisalat UAE Subscriber base reached 12.4 million representing Year over Year increase of 2%
Distribution of interim dividend for the first half of the fiscal year 2017 of 40 fils per share.
Group consolidated revenues amounted to AED 25.3 billion.<\/p>\n\n\n\n
Group Consolidated operating profit before Federal Royalty amounted to AED 8.8 billion.
Group Aggregate subscriber base reached 139 million.<\/p>\n\n\n\n
Credit Ratings Agencies Standards & Poor’s and Moody’s affirmed Etisalat Group’s high credit rating at AA-\/Aa3
Etisalat enhances International Connectivity to UAE with AAE-1 Submarine Cable System
Etisalat\u2019s Smart Hub has Won the DCD Award in \u201cExcellence in Regional & Global Datacenter Connectivity\u201d (DCD \u2013 Data Centers Dynamic)
Etisalat UAE has launched its revamped loyalty program, focusing on digital channels and bringing larger value to customers<\/p>\n\n\n\n
Etisalat introduces \u2018Create Your Number\u2019 service for all post-paid subscribers first time in the UAE
Etisalat \u2018first telco in UAE\u2019 to achieve ISO 20000 certification
Etisalat named most valuable Telecoms Brand Portfolio in the Middle East by \u2018Brand Finance\u2019
Etisalat Receives Tier III Gold Certification for Operational Sustainability
Etisalat Group exits the Nigerian market.<\/p>\n\n\n\n
UAE ranked as a global leader in Fiber Optic Network by FTTH Council
Essa Mohamed Al Suwaidi, Chairman of Etisalat Group
Etisalat Group showcased agility in the first half of this year adapting to the changes in the telecom industry, while the period revealed promising opportunities for growth in telecom and digital services we also proved our strong position by dynamically managing challenges in some international markets.<\/p>\n\n\n\n
The financial performance laid a solid foundation for innovation allowing us to continue investing in the development of next-generation infrastructure while maintaining our focus on digital transformation, which in turn has a significant impact on enhancing the overall customer experience. Etisalat Group would like to thank the leadership of the United Arab Emirates for its continued support and also Etisalat management team for their efforts in remaining focused on accelerating our long-term strategy to drive shareholder value and our loyal customers for inspiring us to set new benchmarks and to reach new business heights.\u201d<\/p>\n\n\n\n
Eng. Saleh Al Abdooli, CEO, Etisalat Group
\u201cEtisalat Group\u2019s financial performance in the first half of 2017 reaffirms our strong position and demonstrates our flexible strategy in adapting to the developments and changes in the telecom sector.<\/p>\n\n\n\n
\u201cEtisalat Group has established a competitive position in the region as a fully integrated ICT solutions and services provider. Today we are proud that Etisalat is a key strategic player in major digital transformation projects in the UAE and beyond. Our recent announcement of the longest submarine cable system is another step to enhance our long-term growth and bring new capacity to UAE making it an international hub.<\/p>\n\n\n\n
\u201cEtisalat group\u2019s geographic footprint expands across the Middle East, Africa, and Asia witnessing various opportunities and challenges in each market that are governed by specific economic conditions. Some of these markets witnessed macroeconomic challenges that imposed limitations on investments and future growth. Etisalat responded with confidence overcoming these challenges while maintaining a sustainable business portfolio.<\/p>\n\n\n\n
\u201cToday Etisalat Group has established a solid foundation driven by its ability to adapt its operations to maintain business sustainability. Our focus will be to continue investing in futuristic solutions and next-generation technologies to deliver the best-in-class services and solutions to our customers while ensuring that shareholders gain long-term value from businesses.\u201d<\/p>\n\n\n\n
Additional Info:<\/p>\n\n\n\n
Etisalat UAE Second Quarter 2017 Key Financial Highlights.<\/p>\n\n\n\n
Subscribers
Etisalat UAE Subscriber base reached 12.4 million representing Year over Year increase of 2 %<\/p>\n\n\n\n
Revenue
Etisalat UAE Revenues amounted to AED 7.8 billion representing a 3% increase comparing to Q1 2017.<\/p>\n\n\n\n
Net Profit
Etisalat UAE net profit amounted to AED 2.2 billion representing 6 % increase year over year and a 7 % increase compared to Q1 2017.<\/p>\n\n\n\n
EBITDA
Etisalat UAE EBITDA for Q2 totaled AED 4.3 billion representing a 4% increase quarter over quarter and resulting in an EBITDA margin of 55%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Etisalat Group today announced its consolidated financial statements for H1 ending 30th June 2017. Financial Highlights and Key Developments of H1Etisalat UAE Revenues amounted to AED 15.4 billion representing a 3% increase year over year.Etisalat UAE Net profit amounted to AED 4.2 billion representing a 7% increase year over year.Etisalat UAE Subscriber base reached 12.4 […]<\/p>\n","protected":false},"author":13,"featured_media":5837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":22,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-5835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecom","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n