Etisalat AGM approves 80 fils per share dividend for 2016

Etisalat’s shareholders today backed the board’s recommendation to pay full 2016 dividends of 80 fils per share during the annual general meeting held at the company’s headquarters in Abu Dhabi.

Key Financial and Developments Highlights for 2016 

    • Aggregate subscriber base reached 162 million.
    • Consolidated revenues amounted to AED 52.4 billion and increased year over year by 2%.
    • Consolidated EBITDA totaled AED 26.3 billion, resulting in EBITDA margin of 50%.
    • Consolidated net profit after Federal Royalty amounted to AED 8.4 billion resulting in a net profit margin of 16% and increased year over year by 2%.
    • Final dividend payout of 40 fils per share for 2016, representing a total dividend payout of 80 fils for the full year.

Follow us on Twitter

Comment Box

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: