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FINANCIAL NEWS
UAE’s Etisalat Group revenue predicts to increase
13 Mar 2016
(MENAFN) Etisalat, the UAE’s largest traded company proclaimed the stability of its outlook this year, which expects revenue growth in the low single digits for the year ahead.
Furthermore, the border on earnings before interest, taxes is predicted at 48 to 50 percent this year, flat on last year’s 51 percent, while 2016 won’t be intensive.
In addition, investment plans for this year involve in spectrum and networks to help data growth and the development of ICT and digital capabilities.
Revenues were USD 3.44bn for the period, a year-on-year fall of 4 percent, which Etisalat attributed to “one-off adjustments.”
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