Du’s profit fell 20.1% in the first quarter, recording 355 million dirhams

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Dubai – Mubasher: The company’s net profit declined Emirates Integrated Communications, During the first quarter, about 20.1 percent year on year.

The company said in a statement carried by the news agency “WAM” today, Tuesday, that it achieved a net profit of 355 million dirhams during the first quarter of this year, while It made 444.81 million dirhams for the same period last year.

The company added that it achieved revenues of 2.99 billion dirhams during the first quarter of 2020.

She explained about her financial results for the first three months of this year, which she revealed today, Tuesday, that fixed-line revenues continued to grow by 5 percent year on year to reach 641 million dirhams in the first quarter as a result of increasing the subscriber base.

She added that the company’s capital expenditures amounted to 310 million dirhams, equivalent to 10.4 percent of the total revenue, which are the expenditures 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 updating 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.

Nominations

Du shareholders approve the annual dividend

Du recommends distributing 21% cash dividends to its shareholders

The shareholders of 12 Emirati companies await cash dividends exceeding 10 billion dirhams







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