e& reports net profit of $653m in Q1 2022

With a stronger demand for data and digital services and the group’s ability to leverage superior networks, e& delivered strong financial performance across all key metrics.
With a stronger demand for data and digital services and the group’s ability to leverage superior networks, e& delivered strong financial performance across all key metrics.
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Updated 26 April 2022
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e& reports net profit of $653m in Q1 2022

e& reports net profit of $653m in Q1 2022

DUBAI: e&, formerly Etisalat Group, reported a consolidated net profit of 2.4 billion dirhams ($653 million) in the first quarter of 2022, an increase of 3.6 percent, the Emirates News Agency reported on Monday.

Etisalat Group recently changed its name to e&. The report noted that by Q1 2022, Etisalat UAE had 13.1 million subscribers, whereas aggregate group subscribers stood at 159 million, an increase of 2 percent as compared to the same quarter in 2021.

Hatem Dowidar, group CEO of e&, said: “We will continue to explore new avenues of growth, expand our offerings, enhance the quality of our solutions, forge new partnerships, and launch a number of digital initiatives to support SMBs, governments and large enterprises.”

e&’s clear vision is to create a more progressive business model that leverages the group’s business pillars, Dowidar said.

According to the report on WAM, with a stronger demand for data and digital services and the group’s ability to leverage superior networks, e& delivered strong financial performance across all key metrics.