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Etisalat announces financial results for the second quarter of 2013
Group revenues grew during this period to reach 9.9 billion.
The Group today announced the “communications”, one of the telecommunications companies in the emerging markets and the Middle East, Africa and Asia, with strong results for the second quarter of 2013, with an increase in revenue and the number of participants in the markets.
The group said that the main contours of the second quarter of 2013, is to approve an interim dividend of 35 Fils per share, an increase of 40% compared to the previous year. Consolidated revenues also grew by 20% to reach 9.9 billion dirhams. Growth in the number of participants in the group “communications” arrived to 143 million.
According to the “communications”, international operating income grew by 50%, and to maintain financial flexibility through net cash stood at 10.9 billion.
During the past period the Group launches “money” in the Arabic Republic of Egypt, which provides banking services via mobile phone, the company has also supported the possibility of obtaining a license for mobile phone services in Benin include second generation 2 g and 3 g and 4 g 4G in addition to any other mobile phone technology may become available in the future in the State of Benin.
The Group reviewed the international participation in the past where connections to the GSMA Group joined and the global health community for mobile phone in battle against diabetes, as the best company award in the social responsibility practices.
Separated the Group Telecom financial results during the second quarter of 2013 with a consolidated revenue amounted to 9 882 million, up 20% from the same period last year, an increase of 3% compared with the first quarter of 2013. During the quarter, the Group’s consolidated revenues were affected by the change in the accounting treatment for operations in Pakistan, which has been consolidated with effect from 1 January 2013.
In the UAE, revenues during the quarter 6 312 million dirhams, up 12% from the second quarter of 2012 and an increase of 5% compared to the first quarter of 2012. This increase, according to the group, to acquire more subscribers and increased revenue for data and phone sales.
Consolidated revenue grew for international operations by 50% to reach 3 513 million, representing 36% of the consolidated gross income, as revenue increased in the first half of 2013 to reach 19.5 billion compared to the first half of 2012, with 16.5 billion dirhams.
In terms of number of participants, said a number of connections rose to 143 million subscribers by the end of June 2013, which represents a growth of 14%. The group said it was able to add 18 million new subscribers to its customers as a result of the growth in the overall operations of the group.
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