UAE telco du clears Dh1b in net profit by 9M-2023 itself

UAE telco du clears Dh1b in net profit by 9M-2023 itself

Through the year, UAE telecom operator du had seen its growth riding on higher subscriber numbers.

Image Credit: Supplied









Dubai: The UAE telecom operator du crossed the Dh1 billion mark at the end of the first nine months itself, totalling Dh1.2 billion against Dh933 million a year ago. The revenue gains were just as solid, at a shade over Dh10 billion from Dh9.43 billion a year ago.



Through the year, du had seen its growth riding on higher subscriber numbers as well as better offtake by business clients for the faster 5G services.







The company, which had pleased shareholders with a Dh589.2 million half-year dividend (at 13 fils a share), put in another strong quarter of growth on its mobile subscriber base, hitting 8.1 million end September. That’s a 9.4 per cent growth year-on-year, helped by "our ability to retain and attract new customers through the provision of innovative products, services and solutions", it said in a statement.



“The rising demand from the enterprise sector for mobile services coupled with steady growth in consumer segment delivered a ninth consecutive quarter of postpaid net-additions (32,200)…”







That