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Thu 10 May 2012 10:31 AM

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UAE telco du posts 62% profit hike

Dubai operator said net income for three-month period rose to US$181m

UAE telco du posts 62% profit hike

UAE telecoms operator du
said first quarter net profit before royalty increased 61.8 percent as mobile
revenues more than doubled.

The Dubai-based service provider, also
known as Emirates Integrated Telecommunications Co, said net income for the
first three months of the year increased to AED666m (US$181 million) from
AED412m a year earlier.

“We have achieved healthy
growth in revenues, with strong performance from what we believe will be key
drivers going forward, including mobile data revenue and our post-paid
subscriber base,” Osman Sultan, CEO of du, said in a statement.

Mobile revenue grew 21.8
percent to AED1.9bn while total revenue increased 20 percent to AED2.4bn.

The operator, which competes
with Etisalat, added 320,600 mobile subscriptions in the first quarter,
bringing the total number of mobile lines to 5.5m.

Fixed-line customers
increased 13.5 percent to 545,300.

The firm, which launched its
services in 2007, has a 46.7 percent share of the UAE mobile market. 

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Abu Ali 7 years ago

Waiting for du to supply my area with True Broudband then me and everyone I know will say good buy to Etisalat good buy for ever .