The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI / WAM
Emirates Integrated Telecommunications Company PJSC (du) on Tuesday published its financial results for the first quarter of 2016 registering a 1.3% rise in revenue to AED 3.09 billion, while net profit before royalty rose by 10.4% to AED 1.02 billion.
The report said the revenue grew to AED 3.09 billion, a 1.3% increase compared to 2015 (AED 3.05bn). Net profit before royalty grew 10.4% to AED 1.02 bn compared to 2015 (AED925mn). Net profit after royalty stood at AED 480.1 million, down from AED 487.1 million in 2015 due to an increase in year-on-year royalty of 23.6%.
It noted that the mobile revenue totaled AED2.21bn, a 0.9% decrease on Q1 2015(AED2.23bn), while mobile data revenue increased by 8.9% to AED 779mn from Q1 2015 (AED715.6mn).
The report said fixed revenue climbed 2.3% to AED630.3mn compared to Q1 2015 (AED616.1 mn). Mobile data now represents 34% of mobile service revenues compared to Q1 2015 (30.9%).
Osman Sultan, du’s Chief Executive Officer, said, “We continued to make progress during the quarter, delivering the right mix of products and services to the market, and
ensuring an even better customer experience.