|10-29-2014, 08:31 PM||#1|
Du profits jump by 18% in third quarter
The UAE`s telecom operator, Emirates Integrated Telecommunications Company (EITC), known as Du witnessed a jump of its profits by 18% throughout the third quarter.
Du`s net profit jumped to Dh559 million in the third quarter this year from Dh474 million during the same period last year triggered by its mobile data revenues that have increased by 11%.
Data revenue was in deed the key market driver for the Emirati telecom company as its customers demand on connectivity continued to be firmly strong and Du maintained efficiently on pleasing such a demand.
Mobile data revenue according to the company represents around 30% of the mobile service revenues and reached in the third quarter Dh684 million and also climbed by 9% on a yearly base.
Du net profits give the telecom operator the strength to continue on competing with other telecom giants such as Etisalat.
In the Dubai stock market exchange at 9:39 GMT Du fell slightly by 0.19% or 0.010 points to 5.390.
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