(MENAFN - Arab News) Etihad etisalat (mobily) will pay a first-quarter cash dividend of sr1.25 per share the telecom operator said in a statement.
mobily said the board of directors had decided the distribution a total amount of sr962.5 million as interim cash dividends for the first quarter of the financial year 2014.
the announcement follows the board's meeting on april 30.
the distribution is as as follows: sr1.25 per share representing 12.5 percent of the nominal value of the share. the eligibility of dividends shall be for the shareholders registered in the registers of the securities depository center (tadawul) at the end of the trading day on may 6.
dividend payment date will be may 13 and the disbursement shall be through direct deposit into the bank accounts linked to the investment portfolios of the shareholders.
etihad etisalat has announced earlier the interim financial results for the period ending on march 31 2014. (three months).
the net profit for the first quarter is sr1.400 billion compared to sr1.340 billion for the same period of last year. this is an increase of 4 percent compared to sr2.039 billion for the previous quarter with a decrease of 31 percent.
the results of the last quarter of the year are usually better than the following first quarter as it coincides with haj season and end-of-year occasions.
earnings per share from first quarter reached sr1.82 in comparison to sr1.74 for the same quarter of last year.