Emirates Integrated Telecommunications Company PJSC
Year to date
0.12 %
3 months
0.04 %
6 months
0.11 %
1 year
0.09 %
3 years
0.00 %
5 years
0.00 %
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Commented on BondSharesBonds Transaction regarding Emirates Integrated Telecommunications Company PJSC
Great pick! Diversifying into Communication Services is smart. Emirates Integrated Telecommunications at 5.79 AED shows solid potential. Cheers to growing portfolios and smart investments! 💪📈
Commented on QueenOfCommunications Transaction regarding Emirates Integrated Telecommunications Company PJSC
Impressive move! Emirates Integrated Telecommunications looks solid. Diversifying with strong Communication Services is smart. Keep crushing it! #Family #InvestSmart
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: EITC Earning Release for Q1-2024
Emirates Integrated Telecommunications Company PJSC reported a 63% increase in net profit in Q1 2024, driven by a 4.1% revenue increase to AED 3.58 billion and a 16.2% rise in EBITDA to AED 1.59 billion. The company's EBITDA margin expanded by 4.6 points to 44.3%. The launch of "du Pay," a digital financial service, marked a significant step towards diversifying the company's business activities. The company's mobile customer base grew by 5.7% to 8.7 million subscribers, while its fixed customer base rose by 11.1% to 616,000 subscribers. The new royalty and corporate tax regime was also highlighted, and the company re-affirmed its guidance.
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Earnings Call
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Financial statements for the first QTR of 2024
The text presents a review report and condensed consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the three-month period ending 31 March 2024. This document is of interest to those involved in finance and investing.
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: EITC-Notification re results of Board meeting held on 29 April 2024
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Board of Directors meeting
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: announces the launch of “du Pay”
du, a part of Emirates Integrated Telecommunications Company (EITC), has announced the launch of a new fintech solution, du Pay. The app, licensed by the Central Bank of the UAE, offers a range of financial services including international and peer-to-peer money transfers, bill payments, and salary deposits through a unique IBAN for each user. The service is part of the UAE's move towards a cashless economy and digitalization. Available in six languages, du Pay aims to provide a secure and convenient financial ecosystem for all residents. The digital payment sector is projected to reach $3.3 trillion by 2031, and du Pay is expected to capture a significant market share.
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Nominees for Board of Directors membership
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Notification of the Board of Director meeting