Du logs $653mln net profits in 2024; highest dividends unveiled
Revenues increased by 7.30% to AED 14.63 billion at the end of December 2024 from AED 13.63 billion, according to the financial results.
Basic and diluted earnings per share (EPS) climbed to AED 0.55 last year from AED 0.37 in 2023.
Financials for Q4
In the fourth quarter (Q4) of 2024, the telecom group generated 47.50% higher net profits at AED 585 million, compared to AED 396 million.
The revenues grew by 8.80% to AED 3.87 billion in Q4-24 from AED 3.55 billion in Q4-23.
Cash Dividends
The board recommended distributing 34 fils per share as the final dividend for 2024, taking the full-year dividend to 54 fils per share. This marks the highest dividend in the history of du.
Malek Sultan Al Malek, Chairman of du, said: 'Our mobile and fixed network, supporting close to 10 million subscribers, is forming the backbone of the UAE's digital economy, highlighting the success of our customer-centric and digital-first approach.'
'Our outlook remains positive as we continue to progress on our transformation journey, prioritise emerging technologies, and strengthen our position in the telecom and ICT sectors to meet evolving market demands,' Al Malek highlighted.
Fahad Al Hassawi, CEO of du, commented: '2024 was a pivotal year for du. Key milestones included the launch of the du Tech and du Infra sub-brands, the roll-out of the du Pay fintech solutions, and the deployment of the Middle East's first indoor 5G-Advanced Network,' Al Hassawi mentioned.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Web Release
3 hours ago
- Web Release
LG REDEFINES THE GAME WITH NEW ULTRAGEAR MONITOR LINEUP ENGINEERED FOR EVERY PLAYER
LG REDEFINES THE GAME WITH NEW ULTRAGEAR MONITOR LINEUP ENGINEERED FOR EVERY PLAYER LG Electronics (LG) has unveiled its latest lineup of LG UltraGear™ gaming monitors, reinforcing its commitment to the gaming community with a diverse range of displays meticulously engineered for every playstyle. A gamer's dream, the new collection features four distinct models, each offering specialized LG technology to provide competitive esports athletes, immersive single-player adventurers, and versatile multi-genre streamers with the ultimate visual experience keeping them cream of the crop. Specifically for esports professionals – and competitive players where every millisecond counts – the?LG 27GX790A-B priced at AED 3999?sets a new industry benchmark. Boasting an industry-leading killer 480Hz refresh rate and a blistering 0.03ms Gray-to-Gray (GtG) response time, this 27-inch QHD OLED monitor delivers unprecedented smoothness and clarity. Ideal for fast-paced first-person shooter (FPS) and fighting games, its VESA ClearMR certification, too, ensures motion remains crisp and clear, giving players the competitive edge needed to complement their lighting quick reflexes, and to dominate the arena. Gamers seeking pro-level experience, and unrivaled immersion in blockbuster triple-A (AAA) titles and simulations – be they racing, flight, or large-scale role-playing – now have two distinct LG-paved paths to victory. For sim-racers and fans of sprawling AAA gameplay, the?LG 45GX950A-B priced at AED 7199?is a game-changing 45-inch pixel-dense ultrawide monitor. As the first-ever 5K2K OLED display in its class, its 800R curve envelops the player's field of view and features a pioneering dual-mode refresh rate. And the story-driven gamers who value cinematic visuals have had the?34-inch WQHD OLED LG 34GX90SA-W price at AED 4999, especially crafted to offer a perfect blend of performance and utility, featuring a 240Hz refresh rate complemented by an 800R curve that pulls players into open-world adventures; while its built-in webOS transforms the monitor into a smart entertainment hub. Catering to the versatile gamer who does it all, LG's powerhouse 32-inch 4K IPS display (32G810SA-W) priced at AED 2799 delivers stunning UHD clarity at a smooth 144Hz, making it perfect for 4K exploration games and hybrid online and offline gaming. Packed with smart features including webOS, AI enhancements, and convenient USB-C connectivity, this monitor is an ideal all-in-one solution for those who demand both high-fidelity gaming and smart functionality. Whether dominating the esports arena or exploring vast digital worlds, the latest LG UltraGear lineup delivers a meticulously crafted, game-changing display for every kind of champion. For more information about LG's UltraGear gaming monitors, please visit this link .
Filipino Times
a day ago
- Filipino Times
Last chance to win AED 20 million with Big Ticket's July draw
Big Ticket Abu Dhabi's July promotion is now in its final week, and the countdown is on to grab your chance at winning the region's biggest guaranteed prizes — AED 20 million. Ticket sales for Series 277 will close on July 31, with the highly anticipated grand draw scheduled for August 3. This week also marks the final chance for participants to enter the weekly e-draw, where four winners will each receive AED 50,000. Tickets purchased between July 24 and 31 will be included in the last e-draw happening on August 1. In addition, those who bought two or more tickets in a single transaction before July 24 are automatically entered into the Big Win Contest. Big Ticket will announce the four selected participants on August 1 through its website. These individuals will attend the live draw on August 3 and receive guaranteed cash prizes ranging from AED 20,000 to AED 150,000. Alongside the cash prizes, Big Ticket is also giving away a Range Rover Velar during the August 3 draw. Entries for the BMW M440i will continue through August, with the draw scheduled for September 3. In total, Big Ticket will award prizes to 27 winners in July, including those selected for the weekly e-draws, Big Win Contest, consolation prizes, and the grand prize. With just a few days remaining in the promotion, Big Ticket encourages interested participants to purchase their tickets before the July 31 deadline. Tickets are available online at at counters located in Zayed International Airport and Al Ain Airport.
Gulf Today
a day ago
- Gulf Today
du's Q2 net profit expanded by a stellar 25.1% y-o-y
Emirates Integrated Telecommunications Company (du) reported its financial results for the second quarter of 2025. Continuing the positive momentum established in the first quarter, our revenues increased by 8.6 per cent year-over-year, reflecting strong performance across all business segments and solidifying our market position. EBITDA rose by 16.4 per cent resulting in an EBITDA margin of 46.8 per cent, a 3.1 percentage points improvement year-over-year, driven by our strategic focus on value-driven products and our disciplined cost management. This operational excellence translated into an impressive net profit increase of 25.1 per cent. In recognition of these strong financial results, the Board has approved an interim cash dividend of Dhs0.24 per share, representing an increase of 20 per cent year-over-year. Revenues surged by 8.6 per cent year-over-year reaching Dhs3.9 billion, marking strong performance across both service and non-service revenues. This strong performance underscores the continued momentum in our core business and the successful execution of our revenue diversification strategy. Mobile revenues climbed by 7.7 per cent year-over-year to Dhs1.7 billion reflecting sustained growth in our customer base and the success of our targeted propositions and highly effective marketing campaigns. The optimised use of digital and retail channels also enhanced customer acquisition and engagement, further fuelling revenue momentum. Fixed revenues rose by 10.1 per cent year-over-year reaching Dhs1.1 billion mainly driven by the ongoing expansion in Home Wireless and Fibre customer base. 'Other revenues' recorded an 8.8 per cent year-over-year growth to Dhs1.1 billion buoyed by higher inbound roaming and interconnection revenues-reflecting our expanded Mobile base, higher handset sale, and growth in ICT revenues in line with our strategic ambition to broaden revenue streams beyond traditional connectivity. Malek Al Malek, Chairman said: 'Our strong performance in the first half of 2025 reflects the effective delivery of our focused strategy, underpinned by a favourable economic environment and sustained commitment to business excellence. WAM
