2023-08-02 09:13:30
The number of subscribers increased by 3% year-on-year by the end of the second quarter
Dubai – Al Arabiya.net
Posted on: August 02, 2023: 12:06 PM GST Last updated: August 02, 2023: 01:13 PM GST
The net profit of the UAE &e company grew by 3.8% year-on-year during the second quarter of this year, after deducting the federal franchise, to reach 2.5 billion dirhams.
These profits were better than the average forecast of analysts, which was at 2.2 billion dirhams, while quarterly revenues grew 4.8% year on year to about 13 billion dirhams, according to a company statement.
By the end of the first half of this year, net profits after deducting the federal franchise declined by 3% to 4.7 billion dirhams.
The number of subscribers grew 3% year-on-year by the end of the second quarter to 165 million subscribers. In this context, the Board of Directors has recommended a dividend of 40 fils per share for the first half of the year.
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