Dubai: Etisalat’s first-quarter profit fell 8.25 per cent to Dh2 billion due to higher forex losses while its consolidated revenues rise one per cent to Dh12.9 billion.
The telecom operator, which operates in about 17 countries across the Middle East, Africa and Asia, said in a statement that revenues from the UAE operations grew year on year by one per cent to Dh7.3 billion and six per cent quarter over quarter.
Its aggregate subscriber base reached 165 million subscribers, compared to 145 million a year earlier.
In the UAE, the active subscriber base grew to 12 million subscribers in the first quarter of 2016, representing year on year growth of six per cent.
