Du, the United Arab Emirates' No.2 telecom operator
by subscriber numbers, reported a 17.8 percent rise in third-quarter net profit
on Tuesday, in line with analyst estimates as mobile data income and fixed line
The firm, which competes with Etisalat, made a net
profit of AED558.7 million ($152 million) in the three months to September 30,
up from AED474.3 million in the year-earlier period.
Analysts polled by Reuters had on average forecast
du would make a quarterly profit of AED563.1 million.
Third-quarter revenue was AED3.03 billion, up
from AED2.64 billion a year ago.
"Data continued to be a key market driver
during the quarter," chief executive Osman Sultan said in the statement.
"The world is evolving to incorporate
integrated digital services into a commodity that is used throughout every
aspect of our daily lives. The issue for the industry however, remains our
ability to monetise data."
Quarterly mobile revenue rose 9 percent year-on-year
to AED2.24 billion. Quarterly mobile data revenue was AED684 million,
up 11 percent from a year ago.
Fixed line services revenue increased 36 percent to
AED598 million over the same period.
Du said its average revenue per user (ARPU) - a
key industry metric - fell slightly in the third quarter. It did not provide
further details, but predicted ARPU would "remain steady over the coming
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.