Dubai – Mubasher: Emirates Integrated Telecommunications Company’s (du) on Wednesday announced that its shareholders had approved to distribute AED 1.586 billion in cash dividends at AED 0.35 per share for the full fiscal year 2018 during a meeting held in the previous day.

Shareholders also agreed to amend the firm’s articles of association to authorise the board of directors for distributing semi-annual dividends, the telecoms operator said in a press release.

During the full-year 2018, Du reported a 2.4% year-on-year profit rise, reaching AED 1.75 billion, compared to AED 1.71 billion.

Revenues of the Emirati telecoms provider went up 3.2% to AED 13.41 billion from January to December 2018.