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.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more