Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) reported a 5% year-on-year growth in revenues during the first quarter of 2018, registering AED 13.1 billion.  

The Abu Dhabi-listed company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 2% year-on-year to AED 6.5 billion in Q1-18, according to a company statement released on Tuesday.

In the three-month period ended 31 March 2018, consolidated net profit after federal royalty reached AED 2.1 billion, the telecom firm noted.

“Etisalat’s first quarter results are a continuation of previous quarters’ solid performance, and a promising start for the current year, alluding positive prospects for both customers and shareholders,” Etisalat Group’s CEO Saleh Al Abdooli commented.

The Emirati telecom giant’s national subscribers grew to 12.9 million in Q1-18, Etisalat’s data showed.

“Etisalat has continued its efforts to align its business with its digital initiatives which have enabled us to develop a healthy business portfolio,” Al Abdooli added.

Etisalat’s consolidated revenues registered AED 13.1 billion in the first three months of 2018, while the company’s revenue went up 3% year-on-year to AED 7.8 billion in the same period.