Its Board of Directors decides to distribute interim dividends of 0.10 dirhams per share

Emirates Integrated Telecommunications achieves quarterly growth in revenues and profits

Muhammad Al-Husseini: “We note the return of operational and financial results to the growth path, and the continuation of allocating significant resources to modernizing infrastructure.”

Emirates Integrated Telecommunications Company revealed its financial results for the second quarter of 2021, recording a revenue growth of 7% year-on-year, to reach AED 2,855 million.

And the company stated in a statement yesterday, that it achieved a growth in earnings before interest, taxes, depreciation and amortization by 7.3% on an annual basis, to reach 1130 million dirhams.

The company's net profit increased by 11.4% on an annual basis, reaching 240 million dirhams, while the capital expenditures injected by the company during the second quarter amounted to 649 million dirhams.

The company pointed out that, based on these results, the Board of Directors decided to distribute interim dividends to shareholders of 0.10 dirhams per share.

According to the operational results, the mobile subscriber base witnessed a growth of 2.3% to reach 6.6 million subscribers.

The Chairman of the Board of Directors of Emirates Integrated Telecommunications Company, Mohammed Al-Hussaini, said that the company recorded a strong performance during the second quarter.

He added, “We are pleased to note the return of operational and financial results to the growth path, and the company’s continued devotion of significant resources to expanding and modernizing its infrastructure.” An interim dividend of 0.10 dirhams per share.

For his part, the CEO of the company, Fahad Al-Hasawi, said that Emirates Integrated Telecommunications has proven, thanks to its high levels of flexibility and ability to keep pace with changes, its ability to recover and achieve good growth rates despite the exceptional challenges the business environment witnessed. The company achieved a revenue growth of 7%.

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