UAE telecom operator du reports Dhs3.17bn revenue

UAE telecom operator du reports Dhs3.17bn revenue

UAE telecom operator du, from Emirates Integrated Telecommunications Company (EITC), published its financial results for the quarter-ended September 30. The revenues increased by 10.5 per cent to Dhs3.17bn on sustained demand for broadband and mobile services. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 18.5 per cent year-over-year to Dhs1,303m. The increase in service revenues lifted the gross margin to 65.2 per cent compared to 62.2 per cent in Q3 2021. As a result, the EBITDA margin expanded by 277bp to 41.0 per cent. Mobile service revenues continued their recovery increasing by 10.7 per cent to Dhs1,443m while equipment sales generated revenues of Dhs176m. Fixed services revenues soared 22.2 per cent to Dhs892m, buoyed by the continued strong performance of the consumer segment. In aggregate, service revenues increased by 14.8 per cent to Dhs2,335m. Fahad Al Hassawi, CEO of EITC said, “This quarter’s results have been excellent on all fronts. Our business environment has clearly transitioned to post-pandemic normality. We are benefiting from the UAE’s economic dynamism and healthy macro trends. Our results validate the efforts we deploy to provide new products and services; improve customer experience; and execute our transformation journey. All these initiatives have laid the