08 Nov 2010
(MENAFN) Osman Sultan, Chief Executive Officer of Emirates Integrated Telecommunications Company (du) , announced in a statement that the company has more than doubled its net income during the July-September period of the current year reaching $88.8 million, as opposed to $42.8 million in the same period of the previous year, Gulf News reported.
According to Sultan, the figures register as a 19 percent rise compared to the April-June period, where net income was $74.9 million.
During the third quarter of 2010, revenue reached $476.8 million, compared to $362.4 million in the same period of 2009, and increased by 2 percent compared to the previous quarter’s $463.2 million.
du’s active mobile subscriber base grew by an additional 159,800 users during the third quarter, taking the total at quarter-end to more than four million, thus passing a significant milestone, the CEO stated.
It is worth mentioning that the telecommunications company has recently announced a $255 million financing deal with the Export-Import Bank of China.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more