2005 EPS adjusted for bonus shares issued in 2006.
Ratio Calculations
As on 29 Jan 2007
Number of shares outstanding
4,537,500,000
EPS calculated
0.94
1.29
38%
Price to Earnings ratio (PE)
17.4
12.7
Calculated EPS used
Price to Book Value (PBV)
4.7
3.9
-18%
Return on Assets (ROA)
17.5%
12.8%
-27%
Assets almost doubled, profit didn't.
Return on Equity (ROE)
27.1%
30.5%
13%
Return on Sales (ROS) or Profit Margin
33.1%
36.0%
9%
Dividends
Cash Dividend
60%
Split 25%:35% for 2006 H1:H2
Dividend Yield (cash)
3.7%
Share Dividend
10%
Approved at AGM
Important Dates
Record Date 03 Apr 2007
AGM Date 26 Mar 2007
Comments about Emirates Telecommunications Company FY 2006 results
Healthy results, as you would expect from a monopoly telecoms provider. It would be difficult for Etisalat not to make money.
Growth in assets versus decline in Return on Assets (ROA) is something to investigate further.
BOD meeting 26 Feb 2007 17:00 proposed 35% cash dividend for 2006 H2. Cash Dividend of 25% already paid for 2006 H1 so shareholders on record date will only get 35%.
Record Date of 03 Apr 2007 for share dividend. Cash dividend record dates may have been earlier.
Have your say in the ETISALAT 2006 FY results forum topic, includes directors reports and news, if available.
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