UAE: Etisalat profits were up by 11 per cent in first half of 2009, partly from operations in Saudi Arabia

[ame] Etisalat has reported Dhs4.59bn in net profit during the first half of 2009, an increase of 11% compared to the previous year. The increase excludes the net profit made in from the sale of shares in Mobily of Dhs892m. Net revenues reached Dhs14.74bn for the first half of 2009, 10% higher compared to Dhs13.40bn reported in the first half of 2008.

Etisalat profits up by 11% in H1