Abu Dhabi – Mubasher: The net profits attributable to the owners of e& hit AED 7.68 billion in the first nine months (9M) of 2023, up from AED 7.34 billion during the same period in 2022.
Revenues reached AED 40.01 billion in 9M-23, an annual hike from AED 39.29 billion, according to the consolidated interim financial results.
Basic and diluted earnings per share (EPS) increased to AED 0.88 in January-September 2023 from AED 0.84 in 9M-22.
Total assets reached AED 139.51 billion in 9M-23, versus AED 145.08 billion as of 31 December 2022.
Financials for Q3-23
In the third quarter (Q3) of 2023, the telecom group posted 20% year-on-year (YoY) higher net profits attributable to the shareholders at AED 2.97 billion, compared to AED 2.48 billion.
The revenues went up by 3.30% to AED 13.39 billion in Q3-23 from AED 12.97 billion in Q3-22, while the basic and diluted EPS grew to AED 0.34 from AED 0.29.
On a quarterly basis, the Q3-23 profits hiked by 18.10% from AED 2.52 billion in Q2-23, while the revenues declined by 1.60% from AED 13.61 billion.
Hatem Dowidar, Group CEO of e&, commented: “e&’s strong performance this quarter is a testament to our resilience, and commitment to deliver value and growth to our customers and shareholders.”
“We remain committed to leading the change by taking our first steps in sustainable mobility and transforming our business with AI-powered solutions while realising our vision of digitally empowering societies,” Dowidar added.
