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UAE's Du Posts Strong Profits on Higher Revenues

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UAE based Du has reported that its third quarter revenues were boosted by growth in both landline and mobile divisions, while net profit soared by 45 percent over the previous year.

The company saw mobile revenues rise by 9.7% to AED2.05 billion (US$558 million), while landline revenues rose by 8.9% to AED439 million.

Net profit increased by 45% to AED474 million (USD129 million).

The mobile customer base also increased, by 15.7% to 6.9 million, although landline growth was lower at 5.9% to take that customer base to 587,835 at the end of September.

Du's market share remains stable at 46.4%.

Osman Sultan, Chief Executive Officer, said, " Growth during the quarter was driven by progress made in the data segment and a continuing strategy of attracting high-value customers. We remain concentrated on fostering innovation and bringing a competitive set of products to the market, with particular focus on data centric services."

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Tags: du  United Arab Emirates