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FINANCIAL NEWS
UAE’s du Q3 net profit hikes 50% to USD66.5m
31 Oct 2011
(MENAFN) UAE’s du said that as a result of a rise in data revenue and the number of contract mobile subscribers, in the third quarter, net profit surged 50 percent to USD66.5 million from USD44 million in 2010’s same period, reported Arabian Business.
The telecoms operator added that data revenue in the period reached USD45 million, with an increase of 46 percent from last year, moreover, the number of fixed line clients jumped 24 percent from 2010 to 639,700.
It also said that the number of mobile subscribers in the quarter grew by 162,000 from the previous quarter to 4.94 million at the end of last month, raising the company’s market share to 45 percent.
It is worth noting that in the third quarter, revenues grew to USD607 million from USD473 million in 2010.
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