The resilience of Emtel’s business model and its customer-centric strategy have proven fruitful.
As a result, Emtel, one of the leaders in Mauritius’ telecommunications industry and the only telecom company listed on the Stock Exchange of Mauritius, has announced a dividend payout totaling Rs 570 million to its shareholders in December 2024, representing a dividend of Rs 1.25 per share. This dividend payment was made possible due to the remarkable financial results achieved by the end of the third quarter of 2024.
The group’s revenue for the nine months ending 30 September 2024 amounted to Rs 2.72 billion, reflecting a 9.1% year-on-year increase. EBITDA and service revenue grew by 15.8% and 12.3%, respectively, while normalized profit before tax saw a 20% increase, reaching Rs 421 million.
Building on a robust governance framework and a sustainable vision, the pioneering telecommunications company once again leveraged its strategy around data services, residential Internet services, and enterprise solutions. Bolstered by continuous investments in infrastructure and customer service, the expansion of its 5G network enabled Emtel to be recognized by Ookla as the fastest mobile network in East Africa in 2024 and in Mauritius for the second consecutive year.
Commenting on the dividend announcement, Kresh Goomany, Chief Executive Officer of Emtel, stated, “The company’s various strategic initiatives, both in terms of our offerings and operational efficiency, have allowed us to improve our performance while optimizing costs. The growth of our customer base, enrichment of our offerings, network expansion, and increased capacity of our submarine cable are among the factors contributing to the strength of our financial results. Today, we are proud to have fulfilled our promise to pay Rs 570 million to our shareholders post-IPO, bringing the total dividends paid in 2024 to Rs 700 million. We aim to continue our growth trajectory while creating value for all our stakeholders.”
Looking ahead, Emtel will continue to strengthen its B2C and B2B segments, investing in infrastructure development and innovative products to meet the needs of the population and businesses while focusing on enhancing customer service.
