Etisalat Group’s 2019 profit increases despite tough market conditions

Etisalat Group’s 2019 net profit after royalty increased by 1% to AED 8.7b compared to AED 8.6b a year ago despite tough market conditions.The Abu Dhabi-listed telecom operator’s group revenue fell by 0.38%  to AED 52.2b  this year compared to AED 52.4b a year ago due to currency fluctuations and decrease in mobile revenues from UAE operations.The pre-paid mobile market is under pressure for the last few quarters due to weak consumer confidence and telecom operators have be