22 Oct 2012
(MENAFN) Emirates Integrated Telecommunications Company (du) posted a 34 percent increase in quarterly profits, despite increasing margins and adding new mobile and fixed line customers, Reuters reported.
The No.2 telecoms operator in the UAE said it earned USD89 million net profit after royalty during the third quarter, up from USD66.5 million a year earlier.
du provisions to pay 50 percent of its profits in royalties – or taxes – to the federal government, with the government usually deciding the actual royalty rate after the financial year has ended.
du’s net profit margin before royalty was 25.9 percent in the third quarter, up from 21.9 percent a year ago.
The company also reported USD685.9 million revenue during the quarter, up from USD606.95 million in the same period last year.
du’s revenue from mobile data business nearly doubled to USD87.9 million from a year earlier.
The company said total mobile revenue grew by 13 percent to USD528 million during the quarter, representing three-quarters of du’s total revenue.
du’s mobile subscribers base grew by 227,800 to a total of 5.96 million in the quarter, while its market share was unchanged from 46.5 percent in the second quarter
The operator’s fixed subscribers stood at 555,000 at quarter-end, up 1.5 percent from the previous quarter.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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