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e&’s profits up to AED 10.3bn in 2023

e&’s profits up to AED 10.3bn in 2023
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Abu Dhabi – Mubasher: e& logged consolidated net profits attributable to the owners valued at AED 10.30 billion in 2023, marking an annual increase of 3% (AED 300 million) from AED 10 billion.

Revenues grew by 2.50% (AED 1.32 billion) to AED 53.75 billion last year from AED 52.43 billion in 2022, according to the preliminary results.

This was mainly driven by the remarkable commercial performance and robust overall economic growth in UAE and international markets, alongside heightened demand for digital services.

Earnings per share (EPS) amounted to AED 1.18 in 2023, up from AED 1.15 as of 31 December 2022.

The total assets reached AED 146.83 billion in the January-December 2023 period, higher year-on-year (YoY) than AED 145.08 billion.

In the first nine months (9M) of 2023, the telecom group registered higher net profits attributable to the shareholders at AED 7.68 billion, compared to AED 7.34 billion.