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FINANCIAL NEWS
Etisalat UAE signs 18% drop in Q3 net profit
28 Oct 2013
(MENAFN) Etisalat, the Gulf’s leading telecom operator, reported an 18 percent drop in third -quarter profit missing analyst’s estimates as capital spending and operating expenses each rose by about a third, Arabian Business reported.
The UAE former monopoly, which operates in about 15 countries across the Middle East, Africa and Asia and is in exclusive talks to buy a controlling stake in Maroc Telecom , made a net profit of USD498.23 million in the three months to Sept. 30.
This compares with a profit of USD60 million a year earlier.
Third-quarter revenue was USD2.6 billion, up from USD2.1 billion a year earlier.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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