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FINANCIAL NEWS
Du profits double up to USD112.16m in Q1
25 Apr 2011
(MENAFN) UAE du Chief Executive Officer, Osman Sultan, stated that the telecom giant’s profit rose to more than the double in 2011’s first quarter to USD112.16 million up from USD52.81 million in last year’s Q1, reported The National.
Sultan also said that du grew its stake in the country’s market to 40 percent, a percentage which contributed greatly in the company’s hiking Q1 profits. He pointed out that 272,000 mobile subscribers joined du, which raised its total subscribers to 4,604,800.
The CEO added that du’s first quarter revenue climbed to USD544 million supported by the company’s strong performance in the quarter.
It is worth noting that du offers fixed and mobile telephony, broadband connectivity and IPTV services to individuals, homes and businesses, and carrier services for businesses in the UAE.
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