Du reports 4% increase in third-quarter profit

Dubai: Dubai-based telecom operator Emirates Integrated Telecommunications Company PJSC (du) reported a four per cent year-on-year increase in net profit for the quarter ended September 30.

The operator reported a net profit of Dh476 million compared to Dh457 million during the same period a year earlier.

Revenue stood stable at Dh3.13 billion, compared to Dh3.14 billion a year ago, a change of 0.2 per cent.

“The third quarter of the year marked a milestone for EITC with the official launch of the Virgin Mobile brand. Featuring an innovative, all-digital platform, Virgin Mobile is ushering a new era of connectivity and simplicity for our customers, while also reinventing the traditional telecom business to a more efficient and lower cost base operating model,”  said Osman Sultan, EITC’s Chief Executive Officer.