BrandArena: Etisalat Announces $680million Quarterly Net Profit

Tuesday 22 July 2014

Etisalat Announces $680million Quarterly Net Profit

United Arab Emirates-based telecom operator, Etisalat has reported a year-on-year profit increase of 26 per cent for the second quarter profit, with newly acquired Maroc Telecom a major factor in the improved performance. 

According to Reuters, the figure released beat analysts’ estimates, with the company posting profits of US $680.7 million.

It could be recalled that, Etisalat purchased a 53 per cent controlling stake of Morocco-based Maroc Telecom from French telecom Vivendi for US $5.7 billion.

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