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Etisalat Group FY revenue up 7% to AED 51.7 bln
2016-03-10 09:07:00| Telecompaper Headlines
(Telecompaper) Etisalat Group reported revenues up 7 percent to AED 51.7 billion for 2015, led by a strong performance in its home market and the takeover of Maroc Telecom. UAE revenues rose 6 percent to AED 28.8 billion, thanks to customer growth and more sales of bundled packages. The company's net profit fell to AED 8.3 billion from AED 8.6 billion in 2014, and EBITDA totalled AED 26.5 billion, resulting in an EBITDA margin of 51 percent. Etisalat Group reported total subscribers of 167 million at year-end. The board proposed a final dividend payout of AED 0.40 per share for 2015, representing a total dividend of AED 0.80 for the year and a dividend payout ratio of 84 percent.
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Category:Telecommunications
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