Abu Dhabi-Mubasher: Etisalat posted a 2.7% decline in its quarterly financials, according to a bourse statement.
Profits reached AED 2.38 billion ($648 million) in the first quarter of 2016, compared to AED 2.45 billion ($666 million) in the same quarter of 2015.
Revenues declined 1% to AED 12.85 billion ($3.49 billion) in Q1-16, compared to AED 12.73 billion ($3.46 billion) in Q1-15.
Operating revenues reached AED 2.54 billion ($691.54 million) during the period, down 15.2% from AED 3 billion 2279.60 ($816.78 million).
Etisalat rose 0.26% to AED 19, with a turnover of AED 480,320 generated from the exchange of 25,280 shares.
