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Hind Al Soulia - Riyadh - ABU DHABI — UAE's Etisalat Group has reported consolidated net profits of AED2.41 billion for Q3- 2020, a 6 percent growth over the corresponding quarter of 2019.
According to the consolidated financial results released today by Etisalat Group, the company has generated revenues of AED38.64 billion in the January-September period of 2020, down 0.5% from AED 38.85 billion in the year-ago period.
The Group aggregate subscribers reached 149 million representing a year-on-year increase of 1 percent.
Consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 6.9 billion dirhams, representing an increase of 2 percent YoY.
The acting CEO of Etisalat Group, Hatem Dowidar, commented: "Etisalat’s performance in the third quarter exemplifies resilience in these uncertain times the world is going through."
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