Abu Dhabi – Mubasher:  Etisalat Group disclosed its consolidated financial statement for the first nine months of 2019.

Net profits recorded AED 2.3 billion during the third quarter of 2019, while revenues amounted to AED 13 billion, according to the company’s statement on Wednesday.

Consolidated EBITDA totalled AED 6.8 billion, representing an increase of 3% year over year and resulting in EBITDA margin of 52%.

As for the first nine months of 2019, consolidated revenues reached to AED 38.8 billion, while consolidated net profit after Federal Royalty amounted to AED 6.7 billion, an increase of 2.1% compared to the same period last year.

Nine-month Consolidated EBITDA amounted to AED 20.1 billion, representing an increase of 2% year over year and resulting in EBITDA margin of 52%.

“Etisalat’s performance in the third quarter demonstrates our agility in adapting to the rapid changes in the telecom industry; we have channelled our efforts towards leading the digital transformation with the successful rollout of 5G networks while equipping our operations with the next generation of technologies like AI and robotics,” Saleh Abdullah Al Abdooli, CEO, Etisalat Group, commented.