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FINANCIAL NEWS
Abu Dhabi Etisalat revenue grows 2.7 percent
15 Feb 2016
(MENAFN) Abu Dhabi Etisalat stated a 2.7 percent increase in Q4 net income, which operates in almost 18 countries across the Middle East, Africa and Asia.
Moreover, the firm made a net profit of USD 632mn in three months to Dec.31, compared with revenue of USD 0.61bn a year earlier.
In addition, the company’s yearly income in 2015 was USD 2.25bn compared with 2014’s profit of USD 2.34bn, while ABU Dhabi Islamic Bank posted a 16.6 percent.
The earnings were part of 4th quarter results for UAE banks, with Emirates NBD and Dubai Islamic Bank recoding profit increase while National Bank and Mashreq saw profits drop.
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