Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) posted net profits valued at AED 1.18 billion in the first half (H1) of 2024, higher by 54.20% year-on-year (YoY) than AED 768 million.

Revenues increased by 5.70% to AED 7.17 billion in HI-24 from AED 6.78 billion, according to the financial results.

In the second quarter (Q2) of 2024, the profits jumped by 46.30% to AED 581 million from AED 397 million in Q2-23, while the revenues climbed by 7.30% to AED 3.59 billion from AED 3.34 billion.

Malek Al Malek, Chairman of du, said: “The company remained at the forefront of technological innovation to offer the best experience to our customers in areas including Fintech and AI.”

“I am pleased to announce that the board of directors approved the distribution of an interim cash dividend of AED 0.20 per share, representing an increase of 53.80% compared to interim dividends of 2023,” Al Malek continued.

During the three-month period that ended on 31 March 2024, du achieved net profits valued at AED 602.91 million, compared to AED 370.48 million in Q1-24.