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Net profits reached Dhs7.297bn, 25% growth over 2006 which recorded Dhs 5.860bn.
Etisalat also recorded Dhs21.340bn of net revenues for 2007, 31% growth over 2006 in which net revenues reached Dhs16.290bn. Total assets also increased from Dhs45.9bn in 2006 to Dhs52.4bn, with 14% growth. Earning per share has seen an increase from Dhs1.17 in 2006 to Dhs1.46 in 2007.
HE Mohammed Hassan Omran, Etisalat's Chairman, said, 'Etisalat's operating performance for the year 2007 has been outstanding, with growth recorded in all major areas. Mobile connections have increased by 15% to reach 6.4 million lines. Fixed lines also increased by 3% and stood at 1.32 million lines. Internet connections now stand at 878,000 lines.'
Etisalat records Dhs7.3b net profits with 25% growth
Etisalat announced the preliminary financial results of 2007 for the period ending on 31st December.
- United Arab Emirates: Tuesday, January 29 - 2008 at 09:23
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Press release issued by Corporate Communications Department - EtisalatFor further media information, please contact:
Ahmed Bin Ali, Vice President Corporate Communications
Tel: 02 6182173
Fax: 02 6334448
Posted by Lara Lynn Golden, News EditorTuesday, January 29 - 2008 at 09:23 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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