30 Jul 2012
Emirates Integrated Telecommunications Company (Du), the United Arab Emirates’ second national telecoms operator, has announced it generated revenue of AED2.45 billion (USD666.8 million) in the three months ended 30 June 2012, an increase of 12.9% from AED2.17 billion in the year-ago quarter. Growth was primarily driven by a 14.0% year-on-year rise in mobile revenue to AED1.9 billion, of which mobile data accounted for AED278 million, an increase of 84.8% from AED151 million in Q2 2011. Du said that earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 36.6% year-on-year to AED941 million in the second quarter of 2012, while net profit before royalty increased 57.1% to AED651 million, compared to AED414 million in Q2 2011. CAPEX totalled AED444 million in the three month period.
A total of 196,300 mobile customers were added during the second quarter of 2012 (including 36,300 post-paid users), bringing Du’s total wireless subscriber base to 5.732 million at the end of the reporting period, 7.8% of which were contract customers (up from 6.8% in the year-ago quarter). Fixed line customers meanwhile increased to 546,600, up 10.6% compared to the end of June 2011. Revenue generated by Du’s fixed business, including fixed telephony, TV and broadband, rose 11.4% year-on-year to AED410 million in 2Q12.