Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) reported a decline in net profits to AED 496.997 million during the first half (H1) of 2021, compared to AED 570.411 million in the same half of 2020, as shown by the company's consolidated financials for the six-month period ended 30 June 2021.

The company generated revenues of AED 5.738 billion in H1-21, up from AED 5.656 billion in H1-20.

The basic and diluted earnings per share (EPS) settled at AED 0.11 in the January-June period of 2021, versus AED 0.13 in the corresponding period of the earlier year.

During the second quarter (Q2) of 2021, du saw an 11.4% increase in net profits to AED 239.848 million from AED 215.294 million in the same quarter of the earlier year.

Meanwhile, the earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 7.3% year-on-year (YoY) to AED 1.13 billion in Q2-21.

Meanwhile, the company's board approved an interim dividend distribution of AED 0.10 per share for H1-21.

The Chairman of du, Mohamed Al Hussaini, said: "EITC had a solid performance during the second quarter. It is satisfying to see operating and financial metrics returning to growth. The company continues to deploy significant resources towards infrastructure expansion and modernisation."

Meanwhile, the CEO of du, Fahad Al Hassawi, commented: "When it comes to digital connectivity, UAE consumers increasingly seek a provider with tariff plans that are easy to understand and who cares for its customers."

It is noteworthy to mention that during the first quarter (Q1) of 2021, the company's net profits decreased to AED 257.149 million from AED 355.117 million in the same quarter of 2020.