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Du posts 'significant' rise in mobile data
- United Arab Emirates: Tuesday, October 23 - 2012 at 01:02
The UAE's second telecom operator, Du has posted a 34% rise in profits for the three months to September 30, missing analysts' forecasts, Reuters has reported. Du made a third quarter net profit of Dhs326.9m ($89m), compared with Dhs244.3m in the year-earlier period. Analysts predicted Du to make a quarterly profit of Dhs333.3m. The firm said aims to capitalise on wealthy customers' appetite for data via smartphones to offset margin pressures in its mobile phone business that held back third quarter profit growth. "We continue to witness pressure on voice, while mobile data revenue increased significantly," said chief executive Osman Sultan. Mobile data revenue during the quarter nearly doubled to Dhs323m from a year ago, he said.
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