Press releases, Reports & Disclosures for Emirates Integrated Telecommunications Company PJSC

Emirates Integrated Telecommunications Company PJSC (EITC) reported a 57.7% increase in net profit for the quarter ending 30 September 2023, reaching AED 504 million. This is the highest quarterly level in the past three years. The growth was driven by a 5.5% increase in service revenues, which totalled AED 3.3 billion for the quarter. EBITDA rose by 13.8% to AED 1.48 billion, and operating cash flow increased by 65.1% to AED 956 million. The company's mobile customer base grew by 9.4% year-over-year to 8.1 million subscribers, and its fixed customer base grew by 12.4% year-over-year, reaching 573,000 broadband customers.

The document provides a review report and a summary of the consolidated financial information for the Emirates Integrated Telecommunications Company PJSC and its subsidiaries. The financial data covers the nine-month period ending on 30th September 2023.