Data pushes Du to double-digit growth in third quarter

30 Oct 2014

The United Arab Emirates (UAE) telco Du has posted net profits of AED558.7 million (USD152 million) for the three months to 30 September 2014, an 18% jump from a year earlier due to increased income from fixed and mobile data services. Third quarter revenues rose 15% from AED2.64 billion in 2013 to AED3.03 billion this year, with mobile services contributing AED2.24 million, up 9% year-on-year. Mobile data revenues grew 11% to AED684 million, the firm said in a statement, and now represent almost 30% of income from mobile services, up from less than 29% a year ago. There was strong growth in the fixed line sector, meanwhile, with turnover up 36% to AED598 million.

Du said it had 7.51 million mobile subscribers at the end of September, up from 6.89 million twelve months before, while the number of fixed telephony users increased from 588,000 to 626,000.

Osman Sultan, Du’s chief executive officer, commented: ‘These results show that by continuously developing innovative propositions to meet our customers’ requirements and rigorously implementing our efficiency strategy, we are able to deliver more value and steady growth, despite a highly competitive environment.’

United Arab Emirates, Du (Emirates Integrated Telecommunication Company, EITC)