Etisalat posts $517 mn profit
July 26th, 2012 - 1:13 am ICT by IANSAbu Dhabi, July 25 (IANS/WAM) UAE’s Etisalat telecommunications company has posted a net profit of 1.9 billion dirhams for the second quarter of 2012 ending June 30.
The figure represented an additional growth of 3 percent over the previous quarter, the company said Wednesday. Net Profit after federal royalty increased by 17 percent year-on-year to 1.9 billion dirhams.
Etisalat chairman Eissa al-Suwaidi said: “Building on the solid performance that the group witnessed during the first quarter of the year, we have seen a year-on-year increase of 20.5 percent in operating profit and 17 percent net profit on the back of strong market development in Egypt, Benin, Gabon, Togo, Afghanistan and Sri Lanka.”
–IANS/WAM
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Tags: abu dhabi, afghanistan, al suwaidi, benin, dirhams, egypt, etisalat, federal royalty, first quarter, gabon, net profit, operating profit, second quarter, snb, sri lanka, strong market, telecommunications company, togo, wam uae