Sustained exceptional performance with quarterly revenues growing by 7.3%, first half EBITDA Margin expanding to 44.0% and first half Net Profits rising by 54.2% year-over-year
On the basis of these results, the Board of Directors approved the distribution of an interim cash dividend of AED 0.20 per share, a 53.8 % increase year-over-year
Q2 2024 Key takeaways
- Strong financial performance with top-line and bottom-line growth, continuation of the robust performance witnessed in Q1’24
- Major milestone achieved in our ICT business with a strategic partnership with Oracle Alloy
Dubai, UAE. 22July 2024 – Emirates Integrated Telecommunications Company PJSC announced its financial results for Q2 2024. Revenues increased by 7.3% to AED 3.6 billion demonstrating our strong product offerings. EBITDA increased by 3.2% to AED 1.6 billion reflecting the top line growth. Net Profit reached AED 581 million, a 46.3% increase year over year primarily reflecting the strong EBITDA growth. Capex was at AED 442 million, while Operating Free Cash Flow (EBITDA – Capex) was AED at 1.1 billion, a 10.9% increase year over year.
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