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After the impressive performance, the company said it will distribute interim dividends of 40 fils per share for the first-half of this year.
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Etisalat aggregate subscriber base increased 7 percent to reach 156.1 million.
Dubai: The UAE telecom giant Etisalat Group has posted a net profit of AED 4.7 billion ($1.2 billion) after Federal Royalty, representing a year-over-year increase of 3.9 percent and resulting in a net profit margin of 18 percent, local media reports said.
Announcing its consolidated financial results for H1 ending 30 June 2021, the group said its consolidated revenues amounted to AED26.4 billion. The company said it will distribute interim dividends of 40 fils per share for the first-half of this year, the reports added.
The dividends will be paid to the shareholders registered at the close of business day on August 8.
Jassem Mohamed Alzaabi, Chairman of Etisalat Group, said Etisalat continued to “demonstrate strong performance showcasing growth across its operations for the first half of the year”.
“We are confident that Etisalat Group will maintain its leadership position in the telecom industry while remaining focused on our core business and exploring new growth opportunities ensuring that we are well geared for the future with all our digital capabilities and solutions,” he said.
Etisalat subscriber base reached 12.1 million in H1 of 2020, while the aggregate subscriber base reached 156.1 million, representing a year-over-year increase of 7 percent. Consolidated EBITDA reached AED13.4 billion resulting in an EBITDA margin of 51 percent.
