Shareholders approve dividend of AED 0.19 per share
Du’s 2013 Annual Report can be found
here
26th
March, Dubai, UAE – Emirates Integrated Telecommunications Company
(“du”) today held its Annual General
Meeting earlier today where the Board of Directors presented a review
of 2013 and granted approval for all AGM agenda points including
authorisation of the second half dividend of AED 0.19 per share was
granted.
Commenting on the Company’s performance,
du’s Chairman Mr. Ahmad Bin Byat said: “We are proud to report
another year of strong performance. For the seventh year running, we
recorded robust fundamentals due to our dedication to creating
shareholder value and delighting our customers.
“Our
net profit before royalty was comfortably up on 2012 to AED 3.01
billion, a rise of 6.7% year on year. Net profit after royalty rose to
AED
1.99 billion. We also recorded near double digit revenue growth to AED
10.80 billion by developing innovative propositions to meet the
requirements of our rapidly evolving customer base; a 9.7% revenue
increase against 2012.
“We are delighted to announce the payment of a second dividend of AED 0.19 taking the
total
annual dividend payment to AED 0.31 per share in addition to the
special dividend of AED 0.10 declared and paid in September 2013.
I believe that this demonstrates our commitment to shareholder value
and our ability to deliver on our commitments. Since inception, we have
established a coherent strategy for the future of our business, all
creating sustainable value for our shareholders.
As our company enters a phase of maturity, we will seek to build on
this value to provide our customers with superior service and an
excellent range of products”
“Going
forward, we are proud to be working under the umbrella of the UAE’s
2012 Vision to implement Smart Government and we look forward to
contributing
to the transformation of Dubai into a Smart City.”
