Impressive net profit jump
Etisalat recorded a slight top line performance with only 1.3% increase in H1 2016 revenues to AED26.178bn, mainly supported by its domestic operations. Indeed, in the UAE, H1 2016 revenues grew by 2.4%, yoy, to AED15.512bn, as a result of a strong performance in the mobile and fixed broadband segments and increased offering of business solution, digital and ICT services. By contrast, revenues from international operations were flat at AED11.054bn, representing 41.6% of the Group’s H1 2016 revenues vs.
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