Abu Dhabi – Mubasher: e&, formerly known as Etisalat Group, posted a 2.30% rise in net profit attributable to the equityholders to AED 7.34 billion during the first nine months (9M) of 2022, versus AED 7.18 billion in 9M-21.

Revenues amounted to AED 39.29 billion in January-September 2022, lower by AED 430 million (1.10%) than AED 39.72 billion in the year-ago period, according to the financial results.

Furthermore, the basic and diluted earnings per share (EPS) edged up to AED 0.84 in 9M-22, compared to AED 0.83 in 9M-21.

During the third quarter (Q3) of 2022, the net profits attributable to the owners of e& increased to AED 2.48 billion from AED 2.43 billion in Q3-21, whereas the revenues plummeted to AED 12.97 billion from AED 13.29 billion.

Meanwhile, the basic and diluted EPS settled at AED 0.29 in Q3-22, versus AED 0.28 in Q3-21.

Hatem Dowidar, Group CEO of e&, commented: “We will continue our efforts to seize new growth opportunities and pursue strong partnerships that will ultimately maximise the potential of a holistic digital transformation for our customers and the societies we serve.”

In the first half (H1) of 2022, the ADX-listed firm generated AED 4.86 billion in net profit attributable to the shareholders, compared to AED 4.74 billion during the same period a year earlier.