Du announces AED1 billion dividend as Q2 performance remains solid

UAE telco Du reported that Q213 revenues rose by 12 per cent over the year to reach AED2.66 billion (US$724 million), while net profits were up by 46 per cent to AED 474 million (US$129 million).

Mobile revenue increased 13.33 per cent year-on-year, while mobile data revenues rose by 44.8 per cent.

The mobile customer base rose by 16 per cent to end the period to reach 6.65 million, while the landline base rose by 5.7 per cent to 578,000 customers.

Du estimates its mobile market share is 46.5 per cent.

The company also announced it was making a special dividend payment to its shareholders of AED 1 billion.