Etisalat consolidated net profit reaches Dhs9 billion

SourceGulf Today

Picture used for illustrative purpose. Business Bureau, Gulf Today Etisalat Group announced on Tuesday its consolidated financial statements for the 12 months ending December 31 2020. Aggregate subscriber base reached 154 million, representing year over year increase of 3.6%. Consolidated Net Profit reached Dhs 9.0 billion a 3.8% increase year over year attributed to strong growth in the international operations that outweighed the decline in the UAE operations.

Consolidated EBITDA amounted to Dhs 26.4 billion, representing a year over year increase of 0.3% and resulting in EBITDA margin of 51.1%. Proposed dividend payout of 40 fils per share for the second half of 2020, representing a total dividend payout of 80 fils for the full year. Board proposed cancellation of the share buyback program and instead proposed a one-time special dividend of AED 0.40 per share. As a result, the total ‎dividend per share for the more...