Emirates Integrated Telecommunications Company du announced its financial results for the second quarter of the current year ending on June 30, 2023, recording a growth in service revenues by 9 percent, bringing its quarterly total revenues to 3.35 billion dirhams (about $910 million), a growth of 7 percent.
Emirates Integrated Telecommunications Company Du said in a statement on the Dubai Financial Market website that profits increased by 25 percent to 767.7 million dirhams ($209 million) in the first half of this year, compared to profits of 613.9 million dirhams ($167 million) in the previous year. corresponding period of last year.
Revenues recorded 6.78 billion dirhams ($1.85 billion) during the first half of this year, compared to revenues of about 6.26 billion dirhams in the corresponding period of last year, with a growth of 8 percent.
The profits of Emirates Integrated Telecommunications Company du in the second quarter of this year jumped by 31 percent to 397.2 million dirhams ($108 million), compared to 302.8 million dirhams achieved during the same period in 2022.
The company's board of directors approved the distribution of cash dividends of 13 fils per share for the first half of 2023.
