Abu Dhabi – Mubasher: The consolidated profits attributable to the owners of Emirates Telecommunication Group (Etisalat) registered AED 8.693 billion during fiscal year 2019, growing by 0.90% year-on-year (YoY) in 2019 from AED 8.615 billion in 2018.

Etisalat’s revenues decreased by 0.38% to AED 52.186 billion last year from AED 52.388 billion in 2018, due to a decline in revenues of international operations caused by currency fluctuations, as shown in the company’s unaudited preliminary financials for 2019.

The company’s earnings per share (EPS) increased to AED 1 in 2019, compared to AED 0.99 in the earlier year.

Noteworthy to mention, during the third quarter of 2019, the net profits amounted to AED 2.3 billion, compared to its value in 2018.