Emirates Integrated Telecommunications (DU) 2008 FY annual report

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2008 FY result list | DU 2008 FY results - forum topic | Emirates Integrated Telecommunications - details & pdf annual reports

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
DU (listed on DFM)   Auditor:   KPMG
DU accounts in UAE dirhams    
Date of results and share price AED 1.84 on 09 Feb 2009    
Current share price AED 2.78 on 15 Apr 2009    
Chairman Ahmad bin Byat
CEO Osman Sultan
Balance Sheet (AED) 31 Dec 2007 31 Dec 2008   %Δ   ? notes
Total Assets 4,348,072,000 7,775,941,000 79%
Total Liabilities (1,842,262,000) (5,266,007,000) 186%
Shareholders Equity 2,505,810,000 2,509,934,000 0%
Income Statement (AED) 2007 FY  2008 FY       
Revenue (Sales) 1,537,368,000 3,950,936,000 157%
Cost of Revenues (COGS) (679,399,000) (1,439,539,000) 112%
Gross Profit 857,969,000 2,511,397,000 193%
Other Income 44,562,000 112,521,000 153%    
Other Expenses (1,787,798,000) (2,619,794,000) 47%    
Net Profit -885,267,000 4,124,000 100%  
Minority Interests 0 0      
Net Profit due to shareholders -885,267,000 4,124,000 100%
Earnings Per Share stated -0.22 0.00 100%  
Ratio Calculations As on 09 Feb 2009      
Number of shares outstanding   4,000,000,000    
EPS calculated -0.22 0.00 100%   2007 FY EPS restated
Price to Earnings ratio (PE) 1,784.7   Calculated EPS used
Price to Book Value (PBV) 2.9 2.9 -0%  
Return on Assets (ROA) -20.4% 0.1% 100%
Return on Equity (ROE) -35.3% 0.2% 100%
Return on Sales (ROS) or Profit Margin -57.6% 0.1% 100%
Dividends          
Cash Dividend      
Dividend Yield (cash)      
Share Dividend      
Important Dates Record Date AGM Date 10 Mar 2009
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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This page last updated 20-Jan-2009. Company information last updated 25 Jul 2008. E & OE.