World VoIP NewsDu results surge on mobile subscriber gainsDu results surge on mobile subscriber gains

Du results surge on mobile subscriber gains


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UAE-based telecoms operator Du has announced its results for the year ended 31 December 2009, recording net profit before royalty of AED528 million (USD143.7 million), up from AED8 million in the previous year, on the back of strong growth in mobile subscribers.
UAE-based telecoms operator Du has announced its results for the year ended 31 December 2009, recording net profit before royalty of AED528 million (USD143.7 million), up from AED8 million in the previous year, on the back of strong growth in mobile subscribers.

The company’s full year 2009 revenue grew by 35% to reach AED5.34 billion, compared to AED3.95 billion in 2008, while earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled AED1.06 billion, up 189% year-on-year compared to the AED369 million recorded a year earlier. In the fourth quarter of 2009 total revenues reached AED1.53 billion, up 25% compared to Q4 2008 and representing Du’s highest every quarterly figure, while EBITDA totalled AED366 million, corresponding to a 55% increase compared to the AED236 million posted in the fourth quarter of 2009.

Net profit before royalty of AED209 million was generated in 4Q09, up 155% year-on-year.


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