ID :
25413
Sun, 10/19/2008 - 13:58
Auther :
Shortlink :
https://www.oananews.org//node/25413
The shortlink copeid
etisalat posts record profit in nine months
Abu Dhabi, Oct 19, 2008 (WAM) - etisalat announced yesterday that its profits for the period ending in September this year has reached a record Dh7.3bn. Its net profits for Q3 rose to a staggering Dh2.1bn, a statement showed.
The Q3 profits showed a clear increase of 19pc in comparison to the same period during 2007.
The Etisalat statement said that the profit on each share stood at Dh1.21, a clear rise over the Dh0.92 during the same period last year. This came after the announcement of Etisalat of its entry into the Indian market, its 18th market, as Etisalat acquired 45pc stake in India's Swan Telecom.
The Q3 profits showed a clear increase of 19pc in comparison to the same period during 2007.
The Etisalat statement said that the profit on each share stood at Dh1.21, a clear rise over the Dh0.92 during the same period last year. This came after the announcement of Etisalat of its entry into the Indian market, its 18th market, as Etisalat acquired 45pc stake in India's Swan Telecom.
