Du’s Q4 profit surges more than six times on higher mobile services revenue – The National

Du’s Q4 profit surges more than six times on higher mobile services revenue – The National

Emirates Integrated Telecommunications Company, also known as du, reported a sharp rise in its fourth-quarter net profit for 2021 on higher revenue and non-recurring income as mobile services grew.

Net profit for the three months ending in December reached Dh321 million ($87.4m), up more than six times from Dh48m during the same period a year ago, du said in a statement to the Dubai Financial Market, where its shares are traded.

Revenue during the period rose 12 per cent annually to Dh3 billion, ­with mobile services generating Dh1.4bn. The company attributed the rise in earnings to a "recovery in wholesale revenues, sustained growth in ICT services, handset sales and increased roaming revenues".