In the recent past, Etisalat’s numbers were looking great for the incoming year.
Today, Emirates Integrated Telecommunications Company (EITC), better known as “du,” published its financial results for the three months of 2018, announcing revenue of $0.9 billion, an increase of 5.2% over the same period last year.
What did du do?
That’s how du did it
Consequently, net profit after royalty increased by 40% approximately to $140 million compared to last year’s first quarter of $84 million.
Net profit after royalty increased by 8% for the same period.
Mobile subscribers increased more than 1% to 9.3 million from 2017’s fourth quarter of 9.1 million.
Osman Sultan, EITC’s CEO, said: “Growth has continued in our fixed and other revenues. A positive for the quarter, the average revenue per user (ARPU) has also stabilized compared to the declining trends seen last year.”
He added: “We continued to maintain tight control on costs, to optimize our capital expenditures spend and to improve efficiencies across the business. These actions have benefitted our profitability.”
Etisalat more than tripled du’s results
Etisalat Group said that net profit of the first-quarter of 2018 totaled $570 million after paying the federal royalty.
Revenues rose 5%, which is just under $3.6 billion, while its subscriber base reached 144 million, up 3% from the year-earlier period.
In the UAE, the subscriber base grew to 12.9 million subscribers in the first quarter of 2018.
How do these two telecoms compare?