Comments about Emirates Integrated Telecommunications FY 2008 results
09 February 2009 (am): Fairly detailed director's report included. Royalty Payments account for 50% of Net Profit and are included in Other Expenses (AED 4.1m). A summary of significant Balance Sheet changes from the end of 2007 to 2008:
Property, Plant, and Equipment increased from AED 2.47 bn to AED 4.28 bn
Cash and Cash Equivalents increased from AED 89m to AED 1.28 bn.
Accounts Payable and Accruals increased from AED 1.69 bn to AED 2.43 bn
Long Term Bank Borrowings increased from nil to AED 2.78 bn.
Gross Profit for 2007 FY was restated from 858,464,000 to AED 857,969,000. Cost of Revenues also restated. No obvious reason why. No dividend information (seems unlikely that one would be paid this year).
Have your say in the DU 2008 FY results forum topic, includes directors reports and news, if available.
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