GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Distribution of interim dividend for the first half of the fiscal year 2019 of 40 fils per share

Abu Dhabi, 23  July  2019: Etisalat Group today announced its consolidated financial results for H1 ending 30 th  June 2019.

 H1 2019 Financial Highlights and Key Developments 

  • Etisalat Group subscriber base reached 143 million representing year on year increase of 2%
  • Etisalat Group Consolidated Revenues for first half of 2019 reached AED 25.9 billion while consolidated Net profit amounted to AED 4.4 billion re presenting 3.1% increase year over year.
  • Consolidated EBITDA totaled AED 13.3 billion, representing an increase of 2% year over year and resulting in EBITDA margin of 52%.
  • Etisalat is the first telecom operator in MENA to provide 5G network inside Abu Dhabi's new international airport, hence enabling it to become the first Airport in the region with 5G coverage allowing speeds of up to 1Gbps. 
  • Etisalat launches e-Wallet, the new mobile digital payment service in collaboration with Noor Bank.
  • Etisalat collaborated with Microsoft as its strategic partner , to provide government entities, large enterprises, and small and medium enterprises with state of the art digital transformative solutions.
  • Etisalat's innovation program ‘Future Now' launched 3 challenges covering the topics of multi-cloud, insurance on demand and industrial IoT, in addition to selecting with 5 startups for next stage.
  • Etisalat unveiled Robotic Centre of Excellence to deliver automated solutions for  greater customer satisfaction.
  • Etisalat launched a smartphone self-service vending machine, a ‘first-of-its-kind' in the UAE.
  • Etisalat opens ‘Smiles UAE' application to all residents and visitors in the UAE .
  • Etisalat awarded private sector's ‘Leading Practice in Internal Audit' by UAE Internal Auditors Association.

International Recognition

  • Etisalat achieved  ‘The Most Valuable Telecoms Brand'  in MENA by Brand Finance.
  • UAE is ranked as a global leader in Fiber to the Home (FTTH) penetration for a third year in a row, according to the leading industry body FTTH Council. 

Essa Mohamed Al Suwaidi, Chairman of Etisalat Group
 
“Etisalat's performance in the first half of the year is a testimony of its regional leadership in the telecom sector. We have remained focused on our core business while demonstrating agility to transform and lead in the digital space driven by our  bold vision ‘To Drive the Digital Future to empower societies'.

The launch of the first 5G network in the region is a major achievement as it opens up massive opportunities and adds value to both our customers and shareholders, it will help fast-track new innovative digital services. We have recently launched our mobile digital payment banking service e-Wallet, which is a solid step towards achieving the smart vision of UAE and is in line with country's overall objectives to achieve digital transformation. 

“Etisalat is thankful to the visionary leaders of United Arab Emirates for their continuous support of the telecom sector and the management team for staying committed and focused to achieve our digital ambitions. We thank all our  customers and  shareholders for the continuous motivation that helped spark growth, contribute to our success, transformation and innovate boldly to make an impact in the near future.” 
 
Eng. Saleh Al Abdooli, CEO, Etisalat Group 
 
“Etisalat Group's solid financial performance in the first half of 2019 is a result of our sincere efforts in building and investing in future networks while focusing on enabling innovation, and accelerating digital transformation across our operations.  

“While Expo 2020 was the first major commercial customer in MEASA to partner with Etisalat on 5G, Etisalat remains proud of its accomplishments as the first telecom operator to launch the first commercial 5G network in MENA. Through our network rollout and the pioneering launch of the first 5G handset in the MENA, we managed to provide our UAE customers with an opportunity to experience the power of 5G technology before many others.  We have also empowered visitors at Abu Dhabi international airport with indoor ultra-high speed 5G connectivity, making it the first airport in the region with 5G coverage. 

“These breakthrough achievements were only possible due to sincere commitment and focused efforts on key strategic priorities that would enable a smarter digital future, transform the ecosystem and open up opportunities to engage with business and customers in new ways.  5G will forever change the way we work and live by bringing positive impact on societies, industries and economies. 

Etisalat remains grateful to the country leadership for their continuous support, thankful to our customers who are at the heart of everything we do and our shareholders for their constant encouragement, our focus will be to continue investments in futuristic solutions and next generation technologies to deliver the best-in-class services and solutions.”
 
Subscribers

  • In the  UAE  the subscriber base reached 12.4 million subscribers in H1 of 2019, while  Aggregate subscriber base reached 143 million, representing a year over year increase of 2%.

Revenue & Net Profit

  • Consolidated revenues amounted to AED 25.9 billion and consolidated net profit after Federal Royalty amounted to AED 4.4 billion  representing a year over year increase of 3.1% and resulting  in a net profit margin of 17%.

EBITDA:

  • Consolidated EBITDA totaled AED 13.3 billion, representing an increase of 2% year over year and resulting in EBITDA margin of 52%.

EPS

  • Earnings per share (EPS) amounted to AED 0.51 in the first half of 2019; a 3% increase from the same period last year.



Posted by : GoDubai Editorial Team
Viewed 3526 times
Posted on : Tuesday, July 23, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Juniper Networks Reports Preliminary Second Quarter 2019 Financial Results
Next Story : Etisalat offers Hajj and Umrah roaming pack
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
VARA - 2019 Fall/Winter Collection
Nursery children gift Eid packages to labourers
An increase of 36.7% compared to the first quarter
US $859bn Oil, Gas and Petrochemical Projects Underway or Planned in the MENA Re...
Eid Al Adha Event Program
Dubai Festival City Mall Celebrates Global Independence Days with Exclusive IMAG...
Eid Gifting
Turkish Airlines continues its journey to the top with new cabin uniforms
Alisha Moopen appointed as the Deputy Managing Director of Aster DM Healthcare
Evonik sticks to full-year outlook despite cooling economy
Zulekha Hospital Sharjah Honored With Baby Friendly Hospital (BFHI) Accreditatio...
Benefits to young people of becoming a freelancer a focus at International Youth...
Al-Futtaim Toyota delivers strong H1 results
GEMS Education offers up some expert ways to get your children to read in the la...
FireEye Identifies Prolific Chinese Cyber Threat Group
Eyes of the World on Expo 2020 Dubai
MoHAP Announces Working Hours at Primary Health Care & Preventive Medicine Cente...
Lenovo Introduces Single-socket Servers, Designed Specifically for Edge and Data...
Facebook Users to Become More Aware of Their Data Usage
SCCI and Sharjah Police to Launch Joint initiatives to Meet Business Sector Aspi...
Empower awards network extension contract worth AED 25 million
LG Signature Responds to Market Demand for Luxury Appliances With Expanded Lineup
9th Muslim World Business and Investment Zone to host Jewels of the Muslim World...
DFSA signs MoU with the Central Bank of Egypt
Sharjah Exports Development Center Achieves Record Results in First Half of 2019
Etihad Airways To Fly 787 Dreamliners To Jakarta And Maldives
A Guide to Making Yourself Happier and Healthier
Smiles Unlimited Buy 1 Get 1 offers chance to win Mauritius summer holiday for two
RAK Ceramics Announces H1 2019 Financial Results
MoHAP's Health Advice and Guidance for Travelers
Express Auto Wash offers festive deals during Eid Al Adha
Get a Complimentary Sushi Roll on Any Bento Box at Sumo Sushi & Bento
New Mimecast Report Reveals Analysis of 67 Billion Rejected Emails
Air Freight in Decline for Eighth Consecutive Month
Oman Insurance Retains Its Positive Business Momentum
Three Bangladeshi businessmen from same family awarded UAE Gold Visa – a first i...
Celebrate Eid Al Adha at Dubai Festival City
Show your Nanny some love and treat them to a Complimentary Haircut throughout A...
Introducing Lunette: A Tool to Empower Women
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19
GUESS - The Perfect Tote
Corum Golden Bridge Titane DLC - black beauty for the man of style
Corum Admiral Legend 42-Icon ahead
Spare a thought for abandoned cats today – International Cat Day!
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection
Rock Chic Edit with GUESS
Jaguar I-pace: Redefining What It Means to Be a ‘CAR'
Acclaimed Coin Collector to Pay Homage to UAE with Rare Coin Collection at ‘Year...
Ralph Lauren Debuts “Wear Your Story” Denim Campaign
Al Ain Hospital doctors save young girl from 2.5 cm pin in her lungs