Du reports 51% rise in net profit in Q2

UAE telco Du reported Q2 revenues rose by 12.9 per cent to AED2.5 billion (US$689 million), while net profit surged by 51 per cent to AED651 million.

The net profit margin (before royalty) stood at 26.6 per cent, up from 19.1 per cent in Q211.

Mobile revenues grew by a further 14 per cent year-on-year, reaching AED 1.9 billion, with drivers of performance in this segment continuing to include growth in the company’s customer base, strong minutes of use, and data usage.

At the end of July, Du’s share of the UAE mobile market stood at 46.5 per cent, based on the data published by the Telecommunications Regulatory Authority (TRA) and competitor disclosures. Du now serves a total of 5.73 million active mobile customers.