Net falls in the second quarter for Etisalat

etisalat, the UAE's largest telecommunications firm by market value, saw its net profit fall 14.9 per cent in the second quarter (Q2), the company said on Monday. The telco, which operates in 18 countries, reported a net profit of Dh1.59 billion for Q2, down from Dh1.87 billion the previous year, etisalat said in a statement posted on the Abu Dhabi bourse. The company made a net profit of Dh3.4 billion in the first six months of 2011 and generated revenue of Dh15.96 billion. Etisalat, which also set an interim dividend of 25 fils per share for the year, said it had 7.5 million mobile subscribers, 1.1 million fixed lined subscribers and 1.4 million internet subscribers at the end of the first half, without giving comparative figures for the prior year period. From / Gulf News