du marks second quarter net profit
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

du marks second quarter net profit

Arab Today, arab today

Arab Today, arab today du marks second quarter net profit

Dubai - Arabstoday

du, the UAE's second largest telecoms provider, made a second quarter net profit of Dh207.2 million after paying a royalty fee to the government, up from Dh137.4 million a year earlier, the company said on Wednesday. Revenue increased by 28 per cent year-on-year to Dh2.1 billion from Dh1.7 billion, du said in a statement to Dubai's bourse. The company also said it added 171,100 new subscribers during the quarter, giving it a 44 per cent market share. "We continue to achieve strong revenue growth, as a result the breadth and quality of our products and services offerings," said Osman Sultan, du's CEO. "Further testament to the strength of our offering is the fact that more than a quarter of the growth in mobile revenue can be attributed to an increase in ARPU (average revenue per user), driven by increased usage by our customers," he added. Article continues below Half year net profit was Dh413 million, up from Dh234.5 million in the year-ago period whilst revenues in the first six months of 2011 hit Dh4.2 billion against Dh3.3 billion the previous year. During the second quarter, du secured a three-year club financing deal worth $220 million to help repay an existing Dh3 billion syndicated loan. The telco said the loan enabled the company to roll out its network infrastructure at a faster pace whilst helping it to put in place increased capacity. etisalat, the UAE's largest telco by market value, last month posted a 14.9 per cent drop in second quarter net profit.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

du marks second quarter net profit du marks second quarter net profit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

du marks second quarter net profit du marks second quarter net profit

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday