Du profits up 40.5 year-on-year

UAE telco, Du has reported a 10.7 per cent rise in its first-quarter revenues to AED2.63 billion (US$715 million), with net profit up 40.5 per cent year-on-year to AED 468 million, thanks largely to cost cutting measures.

The company added 182,261 new customers, taking its total customer base at the end of March to 6.64 million. Du estimates its mobile market share at 48.1 per cent.

Mobile revenues increased by 11.13 per cent year-on-year, reaching AED 2.06 billion, but witnessed a slight decrease of 1.65 per cent on the previous quarter.

The company invested AED368 million during the quarter on capex.