Feb 21 2012 |
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Etisalat proposes 60 fils dividend
By Haseeb Haider ABU DHABI - The board of Emirates Telecommunication Corporation, or etisalat, has proposed final dividends at 60 fils per value for fiscal year 2011.The board also approved audited financial performance during financial year ending December 31, 2011.
The board discussed measures to improve etisalat's services as key priority, as well asthe reduction and control of operating expenditures.
Etisalat announced its audited consolidated financial results for 2011, where the telco has achieved growth in subscriber numbers by 22 per cent, reaching 167 million. It also witnessed a one per cent growth in revenues reaching Dh32.2 billion and profits of Dh11.6 billion before the 50 per cent federal royalty.
Etisalat chairman Mohammed Hassan Omran said etisalat's investments in broadband network infrastructure also spurred strong growth in the data and Internet segments with combined revenues growing by 20 percent.
© Khaleej Times 2012
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