Dubai: Emirates Integrated Telecommunications Company (du) announced a 15.5 per cent increase in second-quarter profit of Dh548 million, fuelled by an uptick in fixed revenue of 30 per cent as well as almost a 10 per cent rise in post-paid mobile revenues.
The company has announced that it will issue shareholders with an interim dividend of 12 fils per share as a reward for their continued support.
Revenues exceed Dh3 billion for the first time to Dh3.02 billion, a 13.7 per cent increase compared to the same period last year of Dh2.66 billion.
“Our strong performance is reflected in our net profit before royalty. EBITDA for the quarter reached Dh1.29 billion, an increase of 17.9 per cent compared to the same quarter last year. Data continued to be a key market driver during the quarter which translated into data revenues of Dh680 million in the quarter, an 18.6 per cent ywar-on-year increase as our customers’ demand for connectivity remained strong,” said Osman Sultan, du’s Chief Executive Officer.
The UAE TRA’s ‘My Number, My Identity’ campaign requiring all mobile users to register their mobile number to protect customer privacy and to avoid fraud, resulted in a natural churn of 468,000 customers in the pre-paid segment as unregistered mobiles were withdrawn from the market place. Further attrition is possible in the coming quarters.
