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Du AGM approves dividend

DUBAI, March 18, 2015

Emirates Integrated Telecommunications Company's (du) ninth Annual General Meeting (AGM) held today in Dubai approved the proposed Dh0.20 per share dividend for the second half of 2014.

This brings the total annual dividend payment during 2014 to Dh0.32.

Du chairman Ahmad Bin Byat chaired the AGM where he presented  the board of directors’ report of the company’s activities and its financial position for the year 2014.

The AGM appointed new board members and approved board members' remuneration for 2014.

Du’s total revenue in 2014 reached Dh12.2 billion, a 13.3 per cent increase year on year. Fixed line revenue increased by 31.3 per cent year on year to Dh2.25 billion. Net profit before royalty rose to Dh3.70 billion, a 22.8 per cent increase year on year.

Bin Byat said: “Our robust and sustainable business model continues to deliver excellent results and consistent value creation for our shareholder and stakeholder. By focusing on efficiency and fostering innovative techniques, policies, services and mechanisms, since inception we have achieved strong growth in both revenues and net profit and retained our position as one of the leading telecommunications operators in the Middle East.

“2014 proved to be a year of several landmark initiatives. We are proud to have launched a visionary programme that will lead to WiFi being rolled out in popular locations across the country, providing customers with seamless connectivity. " - TradeArabia News Service




Tags: du | Telecom | AGM |

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