Tuesday , March 9 2021

Etisalat’s profit up 3.8% to AED9 billion in 2020

ABU DHABI / WAM

Etisalat Group announced that its twelve month ending on December 31, 2020, consolidated revenues reached AED51.7 billion, while consolidated net profit after Federal Royalty amounted to AED9 billion, an increase of 3.8 percent compared to last year.
The Group’s Board of Directors 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.
The Board also proposed cancellation of the share buyback programme and instead proposed a one-time special dividend of AED0.40 per share. As a result, the total dividend per share for the full year 2020 is AED1.20. Consolidated EBITDA amounted to AED26.4 billion, representing a year over year increase of 0.3 percent and resulting in EBITDA margin of 51.1 percent.
In the UAE, the subscriber base reached to 12.2 million subscribers, while Etisalat Group aggregate subscribers reached 154 million subscribers representing a year on year increase of 3.6 percent.

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