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."
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Etisalat records Dhs7.3b net profits with 25% growth
- United Arab Emirates: Tuesday, January 29 - 2008 at 09:23
- PRESS RELEASE
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Etisalat announced the preliminary financial results of 2007 for the period ending on 31st December.
HE Mohammed Hassan Omran, Etisalat's Chairman.
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Posted by Lara Lynn Golden, News EditorTuesday, January 29 - 2008 at 09:23 UAE local time (GMT+4)
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Press release issued by Corporate Communications Department - Etisalat
For further media information, please contact:
Ahmed Bin Ali, Vice President Corporate Communications
Tel: 02 6182173
Fax: 02 6334448
For further media information, please contact:
Ahmed Bin Ali, Vice President Corporate Communications
Tel: 02 6182173
Fax: 02 6334448
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