Net profit climbs 5% at Etisalat

Etisalat of the United Arab Emirates (UAE) has reported revenues of AED13.0 billion (USD3.5 billion) for the first three months of 2019, down 1% year-on-year. Consolidated EBITDA was up 2% at AED6.6 billion, while net profit rose 5% to AED2.2 billion. The group served an aggregate subscriber base of 143 million at the end of March across its operations in the Middle East, Africa and Asia.