Du net profit up 45% in Q3

UAE telco Du reported that its Q313 revenues were boosted by growth in both landline and mobile divisions, while net profit soared by 45 per cent year-on-year.

Mobile revenues rose by 9.7 per cent year-on-year to AED2.05 billion (US$558 million), while landline revenues rose by 8.9 per cent to AED439 million.

Net profit increased by 45 per cent to AED474 million (US$129 million).

The mobile customer base also increased, by 15.7 per cent to 6.9 million, although landline growth was lower at 5.9 per cent to take that customer base to 587,835 at the end of September.

Du’s mobile market share remains stable at 46.4 per cent.