IT & Telecommunications
Etisalat's consolidated revenue surges 3.2pc to $14.5bn in 2021
UAE's leading telecom services operator Etisalat has announced that its consolidated revenue for 2021 rose to AED53.3 billion ($14.5 billion), representing a y-o-y jump of 3.2%, mainly due to increased demand for data connectivity and digital services.
UAE's leading telecom services operator Etisalat has announced that its consolidated revenue for fiscal year 2021 surged to hit AED53.34 billion ($14.5 billion), representing a year on year increase of 3.2%, according to a company disclosure statement issued today on ADX website.
The company attributed the growth to increased demand for data connectivity and digital services.
Additionally, growth is attributed to international operations as well as steady improvement in domestic operations, said the statement.
Etisalat Group's consolidated profit attributable to the owners of the company amounted to AED9.3 billion, representing a year on year increase of 3.2%.