External broker reports(aggregated public sources), International Securities

International Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Emirates Integrated Telecommun / Equity Bottom-Up

<ul><li>Du reported 4Q24 profit of AED585mn, up 47.5% YoY but down 18.7% QoQ; higher than estimates </li><li>For 2H24 Du announced a dividend of 34fils, against 21fils for 2H23, up 62% YoY, 31% above our estimates.</li><li>Mobile subscribers witnessed an addition of 600K during the quarter, total mobile subscribers reached 8.9mn in 4Q24, up 4.2%YoY.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Du reported 4Q24 profit of AED585mn, up 47.5% YoY but down 18.7% QoQ; higher than estimates For 2H24 Du announced a dividend of 34fils, against 21fils for 2H23, up 62% YoY, 31% above our estimates.Mobile subscribers witnessed an addition of 600K during the quarter, total mobile subscribers reached 8.9mn in 4Q24, up 4.2%YoY.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EITC (Du) - 4Q24 Earnings up 47.5% YoY (-18.7% QoQ) To AED585mn, Higher than Estimates