Thursday, July 26, 2012

Etisalat Q2 sales, profit boosted by overseas ops

In a statement to the Abu Dhabi Securities Market, Emirates Telecommunications Corporation (Etisalat) has reported consolidated revenue of AED8.254 billion (USD2.25 billion) for the three months ended 30 June 2012, an increase of 4% from the AED7.929 million posted in the year-ago period. Turnover generated by the company’s international business totalled AED2.3 billion in the second quarter of 2012, an increase of 14% year-on-year and contributing 28% of Etisalat’s total revenue for the period (up from 26% a year earlier). The rise in overseas sales helped to offset a 0.4% year-on-year and 3% quarter-on-quarter decline in domestic revenue, which fell to AED5.643 billion amid rising competition in its home market from rival Du.


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OVETEL Etisalat Q2 sales, profit boosted by overseas ops

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