IANS/WAM | 26 Jul, 2012
UAE's Etisalat telecommunications company has posted a net profit of 1.9 billion dirhams for the second quarter of 2012 ending June 30.
The figure represented an additional growth of 3 percent over the previous quarter, the company said Wednesday. Net Profit after federal royalty increased by 17 percent year-on-year to 1.9 billion dirhams.
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, Benin, Gabon, Togo, Afghanistan and Sri Lanka."
