e& Reports Q3 2023 Consolidated Revenue

According to Amac News: e& added in a statement that the company's total revenue in the first 9 months of 2024 reached 42.7 billion dirhams, which shows a total annual growth of 9%.
 According to the company, e& has completed a significant milestone by closing the PPF Telecom transaction, which will further diversify the group's portfolio.
According to the company's statistics, the total number of e& subscribers has seen an annual increase of 6% and has reached 177.3 million people. And the total number of electronic and UAE subscribers reached 14.7 million, representing a 5% year-on-year growth.
Hatem Davidar, CEO of e& Group, announced that the company continued its strong growth in the first nine months of 2024, and its total revenue increased by 9% in constant currency and reached 42.7 billion dirhams.
According to him, e& has been able to expand its activities to 20 countries and reach a total of 38 markets. Also, the consolidated net profit reached 8.5 billion dirhams and EBITDA reached 19.4 billion dirhams, with the EBITDA margin reaching 45% and the EBITDA margin in the telecommunications sector reaching 49%.