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Etisalat Reports 2007Etisalat Reports 2007

Etisalat records AED7.3B net profits with 25% growth

January 28, 2008

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Etisalat Reports 2007

ABU DHABI, U.A.E. -- Total revenues reach AED 21.3b, 31% increase over 2006 Etisalat announced today the preliminary financial results of 2007 for the period ending on 31st December. Net profits reached AED 7.297b, 25% growth over 2006 which recorded AED 5.860b.

Etisalat also recorded AED 21.340b of net revenues for 2007, 31% growth over 2006 in which net revenues reached AED 16.290b. Total assets also increased from AED 45.9b in 2006 to AED 52.4b, with 14% growth. Earning per share has seen an increase from AED 1.17 in 2006 to AED 1.46 in 2007.

HE Mohammed Hassan Omran, Etisalat’s Chairman, said, “Etisalat’s operating performance for the year 2007 has been outstanding, with growth recorded in all major areas. Mobile connections have increased by 15% to reach 6.4 million lines. Fixed lines also increased by 3% and stood at 1.32 million lines. Internet connections now stand at 878,000 lines.”

Etisalat

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