Adu Dhabi: The shareholders of the Emirates Telecommunication Corporation (etisalat) backed the board’s recommendation to pay full-year 2014 dividends of 70 fils per share and also approved a 10% bonus share during an annual general meeting held at the company’s headquarters in Abu Dhabi.
After the release of the group’s 2014 annual results, the board proposed the dividend share, which is a reflection of the strong results achieved during the fiscal year ending December 31, 2014.
Etisalat’s net profit increased while the Federal Royalty reached Dh8.9 billion. Furthermore, etisalat’s consolidated earnings before interest, depreciation and armotisation (Ebitda) for 2014 totalled Dh23.4 billion, resulting in an Ebitda margin of 48 per cent.
Eisa Al Suwaidi, etisalat chairman, said, “2014 was an auspicious year for etisalat. This is a landmark moment in our history and a considerable achievement towards our objective of being recognised as the leading operator in emerging markets.”
