UAE telecoms operator du has announced its first quarter net profit before royalty swelled 61.8% as mobile revenues more than doubled.
The Dubai-based service provider, also known as Emirates Integrated Telecommunications Co, said net income for the first three months of the year increased to AED666m ($181 million) from AED412m ($112.16) a year earlier.
“We have achieved healthy growth in revenues, with strong performance from what we believe will be key drivers going forward, including mobile data revenue and our post-paid subscriber base,” Osman Sultan, CEO of du, said in a statement.
Du’s mobile revenue also grew 21.8% to AED1.9bn ($520mn) while total revenue increased 20% to AED2.4bn ($650mn).
The Etisalat rival added 320,600 mobile subscriptions during Q1, bringing the total number of mobile connections to 5.5m.
Fixed-line customers increased 13.5% to 545,300.
The firm, which launched its services in 2007, currently enjoys a 46.7% share of the UAE mobile market.
