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UAE- Etisalat posts USD 3.6 bln in net profits ''12  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 20/02/2013

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(MENAFN - Kuwait News Agency (KUNA)) The Emirates Telecommunications Corporation "Etisalat" announced on Tuesday its net profits in 2012 grew by two percent, compared to the previous year, to 13.2 billion dirhams (some USD 3.59 billion).

The financial results of the company, presented to the Abu Dhabi Securities Exchange, show that the profits amounted to 32.9 billion dirhams before deducting the government dues, according to a statement by the company.

The board of directors approved the financial results during its meeting here
today.

The board decided to distribute shareholder dividends at an annual rate of 0.70 dirham per share, the statement noted.

Hailing the results, Board Chairman Issa Al-Suwaidi said: "The robust growth of the profits enabled us to distribute the 0.70 dirham per share dividends, including 0.25 dirham which has already been paid and the remaining 0.45 dirham will be paid soon." "The move is a sign of gratitude to our shareholders for their trust in the company's management," he pointed out.

Al-Suwaidi added that the company continued expanding its successful operations in the emerging markets in the Middle East and North Africa (MENA) region and Asia, citing the growth of its clientele to 139 million in 15 countries.

 






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