Q1 profit up 8% for Etisalat

Etisalat Group has reported a 7.9% annual rise in its first quarter net profit to AED2.35 billion (USD640 million). Revenues rose 0.8% to AED13.22 billion, while EBITDA was up 0.7% at AED6.77 billion. The sales increase was attributed to Etisalat’s international operations, with growth in Egypt, Pakistan and at Maroc Telecom. The group’s overall customer base grew 4% to 156 million in the twelve months to the end of March 2021.