Etisalat registers 30% sales growth in first quarter

Etisalat of the United Arab Emirates (UAE) has reported first quarter revenues of AED12.91 billion (USD3.51 billion), up 30% year-on-year, with net profit rising 8% to AED2.18 billion. While the results were boosted by the consolidation of Morocco-based multinational operator Maroc Telecom, which was acquired last May, there was also a strong performance in the firm’s domestic market, where sales jumped 11% to AED7.2 billion. At the end of March 2015 Etisalat had 173 million customers across 19 markets in the Middle East, Africa and Asia, an increase of 19% from twelve months earlier.