Press releases, Reports & Disclosures for Emirates Integrated Telecommunications Company PJSC

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Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: EITC Earning Release for Q1-2024

Emirates Integrated Telecommunications Company PJSC reported a 63% increase in net profit in Q1 2024, driven by a 4.1% revenue increase to AED 3.58 billion and a 16.2% rise in EBITDA to AED 1.59 billion. The company's EBITDA margin expanded by 4.6 points to 44.3%. The launch of "du Pay," a digital financial service, marked a significant step towards diversifying the company's business activities. The company's mobile customer base grew by 5.7% to 8.7 million subscribers, while its fixed customer base rose by 11.1% to 616,000 subscribers. The new royalty and corporate tax regime was also highlighted, and the company re-affirmed its guidance.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Financial statements for the first QTR of 2024

The text presents a review report and condensed consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the three-month period ending 31 March 2024. This document is of interest to those involved in finance and investing.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: EITC-Notification re results of Board meeting held on 29 April 2024

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Board of Directors meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: announces the launch of “du Pay”

du, a part of Emirates Integrated Telecommunications Company (EITC), has announced the launch of a new fintech solution, du Pay. The app, licensed by the Central Bank of the UAE, offers a range of financial services including international and peer-to-peer money transfers, bill payments, and salary deposits through a unique IBAN for each user. The service is part of the UAE's move towards a cashless economy and digitalization. Available in six languages, du Pay aims to provide a secure and convenient financial ecosystem for all residents. The digital payment sector is projected to reach $3.3 trillion by 2031, and du Pay is expected to capture a significant market share.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Nominees for Board of Directors membership

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Notification of the Board of Director meeting

1. Attached Document

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