Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) on Sunday reported that its board of directors will discuss the financial results for the period ended June 2017 on 26 July, according to a press release.

The group stated that the board will also discuss the proposal of dividend distributions for the first half of the year, as well as the work progress.

The financial results of the group had previously shown a 4.5% increase in profits to AED 2.09 billion in the first quarter of 2017, compared to the corresponding period in the year before.

After discounting the right of the federal franchise, the consolidated profits of the telecommunication firm rose 1.9% to AED 8.42 billion in 2016 from AED 8.26 billion in 2015.

In April 2017, Etisalat group’s shareholders approved a cash dividend of 80% of capital (80 fils per share) for the second half of 2016.