Etisalat Group consolidated revenue grows to AED 8.3 b
Abu Dhabi-based global telecommunications group, Etisalat announced a
17% net profit growth on quarterly consolidated revenue of AED 8.252
billion (approx. LKR 296.5 billion). The result was a combination of
enhanced network readiness, the introduction of innovative services to
drive data growth and increased revenue from international operations,
which grew by 14%.
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Etisalat Chairman
Eissa al-Suwaidi |
Etisalat Sri Lanka, CEO- Director, Dumindra Ratnayaka |
The consolidated Q2 revenue of Etisalat, represents an additional
growth of 3% over the previous quarter, and a year-on-year growth of 4%
on quarterly Group consolidated revenue.
Q2’12 saw Etisalat’s flagship multiple-play eLife service surpass
450,000 users and the global subscriber base grow to over 172 million
users. Functioning in 16 countries, the contribution from international
consolidated operations grew to 28% of consolidated revenues as compared
to 26% contribution a year ago. This revenue growth is across all
clusters. In the Asian cluster, consolidated revenues grew to AED 383
million representing a growth of 10% in comparison to the same period of
last year. Growth is mainly driven by subscriber uptake in both Sri
Lanka and Afghanistan. Commentating on the Group’s increased Q2 posting,
Etisalat Chairman Eissa al-Suwaidi said: “Building on the solid
performance that the Group witnessed during the first quarter of the
year, we have seen a year-on-year increase of 20.5 percent in operating
profit and 17 percent net profit on the back of strong market
development in Egypt, Sri Lanka Benin, Gabon, Togo and Afghanistan, a
result of our ongoing commitment to regional market development and
growth.”
Etisalat Sri Lanka since beginning operations has spearheaded the
advancement of the local telecommunications market, focusing extensively
on innovation. Offering a range of products and services Etisalat Sri
Lanka has contributed to the development of both the country’s
telecommunications industry and economy.
Etisalat Sri Lanka, Chief Executive Officer/ Director, Dumindra
Ratnayaka speaking of the Group’s Q2 performance, said “Etisalat Sri
Lanka is growing at a rapid pace and is continuously delivering
innovative, reliable and affordable services that add value to our
customers’ lives. In a competitive telecommunication industry, Etisalat
as a brand believes to inspire our customers’ to realise their dreams.
Thus we are focused on introducing services that not only benefit our
customers but also support developers and entrepreneurs of Sri Lanka.
This year has been a resounding success for us and we expect this growth
momentum to continue”.
Having rapidly surpassed 4 million subscribers, Etisalat has
strengthened its position in Sri Lanka as a leader in innovation and is
continuously launching initiatives to add value to the community. |