Dubai – Mubasher: The ordinary general meeting (OGM) of Emirates Integrated Telecommunications Company (du) has agreed on distributing cash dividends of AED 0.21 per share for the second half (H2) of 2019.

The dividend pay-out for H2-2019 brings the total value of dividends for fiscal year (FY) 2019 to AED 0.34 per share or 34% of the share's nominal value, according to the company's disclosure to Dubai Financial Market (DFM).

 The H2-2019 dividends will be paid starting from 10 May 2020.

Commenting on the coronavirus (COVID-19) pandemic, the chairman of du, Mohamed Hadi Al Hussaini, said: "Taking into consideration the rapid evolution of Covid-19 and on-going developments, we have activated our contingency plans and are currently in the process of assessing the impact on our business." 

Noteworthy to highlight, the company's net profits decreased by 1.3% in 2019 to AED 1.73 billion, compared to AED 1.75 billion in FY18.