The Board of Directors of Emirates Integrated Telecommunications Company (Du) approved the distribution of semi-annual dividends to shareholders of 589 million dirhams, or 0.13 dirhams per share.

According to ArabiaNet, the company's quarterly profit fell by 53% to reach 215 million dirhams.

The company attributed the decline in profits to the restrictions imposed on the movement during the period, in addition to the decrease in commercial activities.

Quarterly revenue fell 16% to 2.67 billion dirhams.

The company's total revenue in the first half reached 5.66 billion dirhams, while its net income was 570 million dirhams.

Mobile revenues in the second quarter of 2020 witnessed multiple pressures as a result of restrictions imposed on movement across the country, which led to the contraction of the subscriber base as a result. The decrease in the total number of new customers, the slowdown in business activity, and changes in customer behavior in relation to the move towards a greater reliance on fixed phone services instead of prepaid mobile services, especially with companies moving towards remote business implementation from home.

As a result, mobile revenue fell in the first half to reach AED 2.81 billion, driven mainly by a significant decrease in call revenue and a prepaid subscriber base. p>

Fixed-line revenues continued during the first half to record good growth rates of 4.8% year-on-year to reach 1.29 billion dirhams, reflecting a good increase in the base Subscribers resulting from the growth of demand in home communication services during the past period.

In an effort to cope with the noticeable increase in data traffic across the country as well as continuing to implement its pre-set plans to expand and enhance its presence across the country, the company pumped during the first half This year, investments amounted to 819 million dirhams, an increase of 75.3% compared to the first half of last year.

In addition to pumping a large portion of investments into maintenance and development of network capabilities, the company has allocated part of its capital expenditures to deploy the fifth generation network and continue implementing digital transformation initiatives in line with the plans The company's strategy to achieve more value for shareholders in the long run.

Muhammad Hadi al-Husseini, head of the magazine ...