Etisalat Group Q2 revenue at AED 9.88 billion, up 20 percent

Etisalat Group reported has reported strong consolidated revenues of AED 9,882 million during Q2, 2013 representing an increase of 20 percent in comparison to the same period of last year.

During the quarter, the Group consolidated revenues was affected by the changing in the accounting treatment of the operations in Pakistan, which was consolidated with effect from January 1st, 2013.

In the UAE, revenues of AED 6,303 million for the quarter were 12 percent higher than in the second quarter of 2012 and 5 percent higher than the first quarter of 2012. The quarterly year-over-year growth in revenues was primarily due to customer acquisition, an increase in the revenues of data and handsets sales.

Revenue from international consolidated operations grew by 50 percent to AED 3,513 million, representing 36 percent of consolidated revenues.

etisalat revenue

Etisalat Q2 Revenue

Etisalat Group’s first six months 2013 revenue increased to AED 19.5 billion compared to last year’s first six months (H1, 2012) where it was AED 16.5 billion.

Ahmad Abdulkarim Julfar, CEO, Etisalat Group said, “The outstanding performance of Etisalat UAE and the positive performance in Asia are reflected in our Q2 results.”

“The board’s declaration of interim dividend of 35 fils per share is a strong indication of our steady performance and the success of the Group’s strategic plan, which has been supported by a clear and ambitious vision from our top executives and smooth execution by a talented work force,” added Julfar.

“Etisalat commitment to communities and investment in human capital, technology and innovation is enabling growth across our operating markets and this is reflected positively in the results. These results demonstrate that Etisalat Group is absolutely on the right track and able to continue to add value to its subscribers, shareholders, employees and the communities it serves,” commented Julfar.

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