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ABU DHABI / WAM
Etisalat announced on Thursday its consolidated financial statements for the 12 months ending December 31st 2015. The board proposed a final dividend payout of 40 fils per share for 2015, representing a total dividend payout of 80 fils for the full year.
Etisalat Group’s consolidated revenue for the fourth quarter of 2015 amounted to AED12.7 billion while full year consolidated revenue increased by 7% to AED 51.7 billion.
In the UAE, revenue in the fourth quarter reached AED 6.9 billion while the full year revenue increased by 6% to AED 28.8 billion. Maroc Telecom consolidated revenue for the fourth quarter of 2015 amounted to AED 3.1 billion representing year-on-year growth of 6%.
Etisalat Group aggregate subscribers as at 31st December 2015 reached 167 million. In the UAE, the active subscriber base grew to 11.6 million subscribers in the fourth quarter of 2015 representing year-on-year growth of 6%, while for Maroc Telecom, the subscriber base reached 50.8 million customers as at 31st December 2015, representing a year over year growth of 26%. The Nigeria subscriber base grew to 22.2 million as at December 2015, representing year-on-year growth of 5%.
Group Consolidated EBITDA for the fourth quarter of 2015 increased by 19% to AED 6.5 billion while EBITDA margin increased 10 points to 51% year-on-year.