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Emirates Integrated Telecommunications Company PJSC

Emirates Integrated Telecommunications Company PJSC

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Pressreleases, Reports and Disclosures for Emirates Integrated Telecommunications Company PJSC

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Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Invitation of General Assembly

The Board of Directors of Emirates Integrated Telecommunications Company P JSC invites shareholders to the General Meeting on March 17, 2025, at the company's headquarters in Dubai and virtually. The agenda includes reviewing and approving the Board of Directors' and auditors' reports, financial statements, and dividend distribution of AED 0.54 per share for 2024. Other items include approving the dividend policy, discharging liabilities of the Board and auditors, approving Board remuneration of AED 12,690,000, appointing auditors for 2025 with fees of AED 2,200,000, and considering community contributions. Shareholders may attend in person or virtually, with electronic registration required for virtual attendance. Proxy representation is allowed under specific conditions. The meeting requires at least 50% shareholder representation for validity, and a second meeting is scheduled if quorum is not met. Shareholders registered by March 14, 2025, can vote, and those registered by March 27, 2025, are eligible for dividends. Financial documents are available on the Dubai Financial Market and company websites.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Press release regarding financial results for the financial year 2024

Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the fourth quarter and full year of 2024. The company achieved a net profit increase of 49.1% to a record AED 2.5 billion, driven by revenue growth of 7.3% to AED 14.6 billion and an EBITDA margin expansion to 44.2%. The annual dividend reached 54 fils per share, marking a 59% year-on-year increase and the highest in the company's history. The company also reported operating cash flow growth of 23.0% to AED 4.4 billion and formed strategic partnerships with Orange and Telefónica to enhance innovation and growth.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Financial statements for the year of 2024

The text refers to the consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the year ending December 31, 2024.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the third quarter of 2024. The company achieved a 9.1% increase in quarterly revenues, reaching AED 3.6 billion, and a 16.9% growth in EBITDA to AED 1.7 billion, with a record EBITDA margin of 48.3%. Net profit for the quarter rose by 42.7% to AED 719 million, marking the highest quarterly net profit in the last three years. For the first nine months of 2024, net profit surged by 49.7% to AED 1.9 billion. This performance is attributed to sustained commercial momentum, strategic execution, and efficient cost management. The company has made significant progress in its connectivity business and is evolving into a leading Telecom and Digital Services Provider. Key developments include a strategic overhaul of its B2B portfolio with new sub-brands and a global partnership with Orange to support innovation and digital transformation. Capital expenditure normalized with a capital intensity of 12.2% in the first nine months, and the company reaffirmed its guidance for fiscal year 2024.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Financial statements for the 3rd QTR of 202444

The document is a review report and includes condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2024.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Results of BOD Meeting 28October 2024

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Press release

du, a leading Telecom and Digital Services Provider in Dubai, has revamped its Business-to-Business (B2B) portfolio to enhance digital capabilities for businesses across the UAE. The company introduced two new sub-brands, du Tech and du Infra, as part of its digital transformation strategy. du Tech focuses on advanced ICT solutions, targeting sectors like government and large enterprises with services such as data centers, hybrid cloud, cybersecurity, IoT, AI, and blockchain. du Infra provides robust network infrastructure, ensuring secure and efficient data flow for businesses and government agencies. The CEO of du, Fahad Al Hassawi, emphasized the company's evolution from a connectivity provider to an integrated digital services enabler, aiming to lead the digital transformation in the UAE. The new portfolio is designed to foster innovation and create dynamic digital ecosystems, allowing customers to shape their own digital futures.

1. Attached Document

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