e& Announces 2.5% Increase in Profits for H1 2022

e& (formerly known as Etisalat Group) has announced a year-over-year increase of 2.5 percent for H1 2022 show and consolidated net profits of AED 4.9 billion.

e&'s consolidated revenues reached AED 26.3 billion, while at constant exchange rates, revenue increased by 3.8 percent.

Consolidated EBITDA remained steady in reporting currency at AED 13.4 billion, while increased by 4.1 per cent in constant currency, resulting in an EBITDA margin of 51 per cent.

The number of etisalat by e& subscribers in the UAE reached 13.3 million in H1 2022, representing an increase of 10 per cent over the same period last year, while aggregate group subscribers reached 160 million, a 2.5 per cent increase.

The Board approved interim dividend of 40 fils per share for H1 2022.