0
General

Etisalat Group FY net profit rises 4%, proposes special dividend instead of buyback

Tuesday 23 February 2021 | 09:55 CET | News
Etisalat Group said net profit increased by 3.8 percent year on year to AED 9.0 billion in the year ended 31 December 2020, thanks to strong growth in international operations, which outweighed the decline in the UAE operations. Twelve-month consolidated revenues reached AED 51.7 billion and consolidated net profit after Federal Royalty amounted to AED 9.0 billion, up 3.8 percent. The aggregate subscriber base reached 154 million, representing a year over year increase of 3.6 percent.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Etisalat
Countries: Middle East / United Arab Emirates
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Etisalat Group revenue declines 0.9% in 2020

Published 15 Feb 2021 14:50 CET | Middle East
Etisalat Group said preliminary revenues fell by 0.9 percent year-on-year to AED 51.71 billion for 2020, from 52.19 billion the ...

Etisalat marks arrival of UAE probe to Mars

Published 08 Feb 2021 09:39 CET | United Arab Emirates
Etisalat is supporting the nationwide "Arabs to Mars" campaign on social media and via eLife and SMS. Etisalat will change its ...

Etisalat and Du plan to raise foreign ownership limits on their stocks

Published 20 Jan 2021 15:35 CET | United Arab Emirates
UAE telecom operators Etisalat and Du plan to raise the foreign ownership limits in their stock, and both have called meetings on ...

Etisalat launches Israel-based i24News channels on eLife and Switch TV

Published 05 Jan 2021 09:31 CET | United Arab Emirates
UAE operator Etisalat announced the launch of the Israel-based network i24News on its eLife and Switch TV platforms.  Customers ...





Calendar   /   Industry Events

01 Mar Zoom Video Communications Q4
01 Mar Liberty LatAm Q4 results
01 Mar Switch Q4 2020
01 Mar Boingo Q4
01 Mar Ooma Q4
01 Mar Inseego Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
02 Mar HPE fiscal Q1
02 Mar FuboTV Q4 2020
03 Mar Vivendi Q4 2020
03 Mar Avast FY results
03 Mar Marvell Technology fiscal Q4
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Inwit Q4 2020
04 Mar Telesat Q4
05 Mar Vonage Investor Day
::: More Calendar Items