Dubai: Emirates Integrated Telecommunications Company PJSC (du) on Tuesday reported a flat profit of Dh487.1 million after royalty fees for the first quarter of the year.
But the telecom operator’s profit before royalty stood at Dh925 million, a 6.9 per cent rise during the same period last year.
Revenues amounted to Dh3.05 billion, a 3.2 per cent increase compared to Dh2.96 billion registered in the first quarter of last year.
“This quarter we delivered against our strategy of focusing on ‘quality growth’ as evidenced by the 20.5 per cent rise in fixed revenue to Dh616.1 million, the 9.7 per cent increase in EBITDA to Dh1.30 billion,” Osman Sultan, du’s Chief Executive Officer, said in a emailed statement.
Image Credit: Ahmed Ramzan/Gulf News
