Emirates Integrated Telecommunications Company (EITC) has posted a 26 percent increase in net profit to $82.5 million for the quarter-ended June 30, 2022.
The company’s mobile customer base grew 13.0% to 7.4 million subscribers. The sustained performance of the postpaid segment with net-additions of 24,000, a fourth consecutive quarter of growth, to reach 1.4 million subscribers.
The company ended the quarter with 6.1 million prepaid customers.
On the basis of these results, the Board of Directors approved an interim cash dividend of Dhs0.11 per share representing a 10% increase over the previous year’s interim dividend.
Malek Al Malek, Chairman commented: “EITC delivered an excellent set of results. The recovery trend seen towards the end of last year, is morphing into a growth trajectory that is driving revenues back to pre-COVID levels and an improvement in profitability. We are maintaining a dynamic and proactive commercial approach: we will continue launching new products and services for the benefit of our customers.”
