UAE telco Du posts 62% profit hike

Dubai operator said net income for first three months of 2012 rose to $181m
Osman Sultan said Du had achieved healthy revenue growth in Q1.
Osman Sultan said Du had achieved healthy revenue growth in Q1.


UAE telecoms operator Du said first quarter net profit before royalty increased 61.8% as mobile revenues more than doubled.

The Dubai-based service provider, also known as Emirates Integrated Telecommunications Co, said net income for the first three months of the year increased to AED666m (US$181 million) from AED412m a year earlier.

“We have achieved healthy growth in revenues, with strong performance from what we believe will be key drivers going forward, including mobile data revenue and our post-paid subscriber base,” Osman Sultan, CEO of Du, said in a statement.

Mobile revenue grew 21.8% to AED1.9bn while total revenue increased 20% to AED2.4bn.

The operator, which competes with Etisalat, added 320,600 mobile subscriptions in the first quarter, bringing the total number of mobile lines to 5.5m.

Fixed-line customers increased 13.5% to 545,300.

The firm, which launched its services in 2007, has a 46.7 percent share of the UAE mobile market.

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