Du's Q3 profits beat expectations

Du's mobile market share reaches 45% as profits soar.
Du continued to edge towards mobile parity with Etisalat in Q3.
Du continued to edge towards mobile parity with Etisalat in Q3.


UAE telecoms operator Du beat analysts' expectations on Monday as it reported a 50% rise in third-quarter net profit, driven by higher data revenue and contract mobile subscribers.

Du made a net profit of AED244.3 million ($66.5m), compared with a profit of AED163.1m in the same period a year ago.

Du, which ended Etisalat's domestic monopoly in 2007, said revenues were AED2.23bn n the quarter, up from AED1.74bn a year earlier.

Mobile subscribers, which accounted for more than 75 percent of quarterly revenue, rose 162,000 from the second quarter to 4.94 million at September-end to give it a 45% market share.

Contract customers, which typically spend more than their pre-paid counterparts, "continued to grow", du said, and now account for 7% of mobile subscribers.

Data revenue rose 46% year-on-year to AED167m, proving just under 10 percent of mobile revenue.

Du said it had 639,700 fixed line customers in the third-quarter, up 24% from a year earlier. It added 16,100 lines in the three months to Sept 30, implying slowing growth

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story