UAE's Du Posts Rising Revenues and Slower Rise in Profits
Published on: 1st May 2014
By: Ian Mansfield
UAE based mobile network operator Du has reported its first quarter financials and announced that is revenues rose as did profits although by a slower degree.
Revenues were up by 12.5 percent at AED2.96 billion, while net profit was up by 4.8 percent to AED 490 million.
The company added just over 306,000 net new customers to take its total base to 7.55 million.
Osman Sultan, du's Chief Executive Officer, commented: "This quarter we achieved positive revenue growth and healthy levels of profitability driven by our strategic focus on enhancing the customer experience. We have begun 2014 on a strong footing with double digit growth in revenues and EBITDA by developing innovative propositions for customers and delivering on our commitment to focusing on operational efficiencies."