GulfBase Live Support
27/04/2016 05:20 AST
Etisalat Group on Tuesday announced its consolidated financial statements for the three months ending 31st March 2016.
Consolidated revenues for the first quarter amounted to Dhs 12.9 billion and increased year over year by 1 per cent.
Consolidated net profit after Federal Royalty reached Dhs2 billion in the first quarter of 2016.
Eng. Saleh Al Abdooli, Chief Executive Officer of Etisalat Group said: “Etisalat’s first quarter results are a continuation of the strong performance the company has achieved over the years. Despite a challenging set of circumstances facing the telecoms industry today, Etisalat Group continues to deliver strong performance and value for its shareholders and customers.”
He continued, “The telecommunication industry today is notable by a dynamic that is evolving very rapidly. In order to maintain our long-term growth and track record of performance and achievement moving forward, we must ensure we remain fit-for-purpose. This means delivering the innovative solutions necessary to sustain and further enhance our position as a leading operator in emerging markets. Innovations such as the Internet of Things and the Cloud, as well as vertical digital solutions, are no longer vague concepts, but are the basis of an exciting and prosperous future that will determine our long-term profitability.
“As the world changes, so must we as a company. The most effective businesses never stand still. They continually adapt to ensure long-term success. The current internal re-structuring of Etisalat Group is best business practice, designed to: accelerate its strategic implementation; improving and enhancing overall performance; optimizing efficiency and improving operating model effectiveness; enhancing our customer experience; and further optimising OpCos, networks and platforms synergies, as well as accelerating the launch of digital services.
The Gulf Today
03/04/2018
Etisalat has announced it has reduced its roaming rates for voice calls, SMS and data starting from April 1.
It said in a statement that pre- and post-paid customers will benefit discounte
The National
22/03/2018
At Etisalat’s annual general meeting, held at the company’s headquarters in Abu Dhabi, shareholders have backed the board’s recommendation to pay full-year 2017 dividends of 80 fils per share. The AG
The Gulf Today
07/03/2018
Etisalat, the biggest telecommunications company in the UAE, is seeking to buy back stock valued at as much as $2 billion. The shares climbed. The board of Emirates Telecommunications Group, also kno
Gulf News
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News