The UAE-based company Etisalat has revealed its net profit has increased to $1.3bn amid digital transformation.
Along with its digital transformation, the business has also introduced new applications and services for businesses during the work from home period.
UAE-based telecoms operator Etisalat has reported a three per cent rise in net profit to AED4.6bn ($1.3bn) for the first six months of 2020, despite the onset of the Covid-19 pandemic, with the company accelerating its digital offering.
Revenues for first half of the year reached AED25.6bn ($7bn) while the company’s subscriber base totalled 146 million representing a year-on-year increase of two per cent.
Obaid Humaid Al Tayer, Chairman of Etisalat Group, said: “We are witnessing an opportunity to fast track digital transformation. The unconventional conditions have spurred the adoption of digital services, bridging a divide by changing customers’ behaviour towards digital channels.
“Etisalat’s innovative solutions have catered for the social distancing era, it has enabled remote working and education, it minimised human interactions and increased the pace of automation. Our infrastructure has accommodated the surge in requirements and is ready for more acceleration in digital adoption.”
