Etisalat Group net profit up slightly in 2017, sales fall 1.3%

Thursday 15 February 2018 | 09:27 CET | News
Etisalat Group reported a 0.24 percent increase in net profit to AED 8.44 billion for the financial year ended 31 December 2017 from AED 8.42 billion in 2016. Revenue amounted to AED 51.7 billion, representing a year-on-year decline of 1.33 percent (AED 0.7 billion). This is mainly attributed to the impact of unfavourable exchange rate movements in the Egyptian pound against the dirham.

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Categories: General
Companies: Etisalat / Etisalat UAE
Countries: Middle East / United Arab Emirates
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