Emirates Integrated Telecommunications Company achieved a net profit of 355 million dirhams during the first quarter of 2020, and revenues amounted to 2.99 billion dirhams.


According to the Emirates News Agency, the company explained in a statement, that fixed-line revenues continued to grow by 5.0% year on year to reach 641 million dirhams in the first quarter as a result of the increase in the subscriber base.


The capital expenditures of the company amounted to 310 million dirhams, which is equivalent to 10.4% of the total revenues, which are the expenses that he invested in the operations of deploying the fifth generation network and the regular maintenance and modernization of its capabilities and capacity in addition to investing in digital transformation initiatives and modernizing the information technology infrastructure.


The shareholders had agreed, at the company's annual general meeting on April 14th, to the recommendation of the Board of Directors to allocate 0.21 dirhams in the second half of 2019 as cash dividends per share.