Based on result of the first half of year 2012, Emirates Telecommunication Corporation – Etisalat has declared interim dividends at the rate of 25 Fils per share (25 percent of paid-up capital) upon strong corporate earnings of the corporation.
Etisalat declared results for the 1st Half of 2012, reported a net profit of AED 3.68 billion, an increase of 15 percent compared with AED 3.19 billion of the same period last year. The net profit for second quarter reported AED 1.9 billion compare with AED 1.47 billion of the same period last year, an increase of 30 percent.
Consolidated revenue amounted to AED 16.46 billion for First half of 2012, an increase of 3 percent over the corresponding period in the prior year.
Ahmed Abdulkarim Julfar, group chief executive officer, Etisalat, commented: “Over the past five years the Etisalat Group has contributed approximately 5 percent to the UAE’s GDP, helping the Emirates rank 30th in the world according to the International monetary Fund’s (IMF) World Economic Outlook Database issued in April 2012
Etisalat which currently operates in 17 countries observed higher revenues from its international operations partly offset slipping local business.
Etisalat Group aggregated subscriber number grew to 172 million by end of June 2012 representing YoY growth of 22 percent and QoQ growth of 2%. Subscriber growth mainly driven by new product and services in the matured markets and by further market penetrations in growing markets.
The Group incurred AED 1.78 billion on capital expenditure during the first half year 2012, it was AED 1.96 billion in the same period last year.
Hangzhou Steel's Spring Steel Output up 20% YoY
In January to October Hangzhou Steel has strictly followed all the production indicators and produced 559,000 tonnes of steel products. Among them, 45,502 tonnes were spring steel, 55,013 tonnes were