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FINANCIAL NEWS
UAE’s Du approves dividend
31 Mar 2012
(MENAFN) Emirates Integrated Telecommunications Company (du) said that following the company’s annual general meeting (AGM), du approved a dividend of USD 0.04 a share, reported Gulf News.
The telco firm added that in 2011, profit surged 48 percent from a year earlier to USD489 million.
It also said that net profit after royalty reached USD299 million.
It is worth noting that the royalty charge set by the UAE Federal Government for 2011 was at a rate of 15 percent of net profit and 5 per cent of revenue.
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