Telecom announces its financial results for the second quarter of 2016




Announced a “group contacts ,” Telecom Middle East, Asia and Africa region, said Wednesday its results consolidated financial statements for the three months ended June 30, 2016.

The company said that has achieved an annual increase of the consolidated net profit after deducting the right of the federal franchise by 51% to reach AED 2.3 billion, while the consolidated revenue reached a value to 13.3 billion dirhams, and the annual growth rate reached 2%.

Totaled interest, tax, depreciation and amortization Consolidated value during the first half of the year 2016 to 6.8 billion dirhams, resulted from the sidelines interest and tax Depreciation and amortization, and the rate reached 51%.

The number of participants in the “contacts” group has reached 163 million joint annual increase of 1%, has been a cash dividend distribution to shareholders for the first half of the fiscal year, the value of 40 fils per share.

Etisalat said that the annual increase in net profit during the second quarter of 2016 produced a higher profit margin by 6 points to 17%, while earnings per share stood at AED 0.27, an increase of 51% compared to the same period last year.

In the UAE, the company’s revenues grew during the second quarter of the year 2016 to reach 7.7 billion dirhams, representing an annual growth of up to 3%, and the rate of quarterly growth amounted to 6%. As we arrived Consolidated revenue for Maroc Telecom to 3.2 billion dirhams, representing an annual growth of up to 3%.

The number of subscribers of “contacts” group to 163 million subscribers to the date of June 30, 2016 representing an increase of 1.1 million over the past twelve months, and in the United Arab Emirates, grew subscribers actors base, to reach during the second quarter of the year 2016 to 12.1 million subscribers, which represents an annual growth rate reached 7%.


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