close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

UAE Telco Du Q3 Profit Up 50 Pct; Data, Subscribers Grow

Du made a net profit of 244.3 million dirhams ($66.5 million), compared with a profit of 163.1 million dirhams in the same period a year ago.

0

October 31, 2011 9:17 by



UAE telecoms operator du beat analysts’ expectations on Monday as it reported a 50 percent rise in third-quarter net profit, driven by higher data revenue and contract mobile subscribers.

Du made a net profit of 244.3 million dirhams ($66.5 million), compared with a profit of 163.1 million dirhams in the same period a year ago.

Analysts polled by Reuters on average expected the firm to post a quarterly profit of 214 million dirhams.

Du, which ended Etisalat’s domestic monopoly in 2007, said revenues were 2.23 billion dirhams in the quarter, up from 1.74 billion dirhams a year earlier.

Mobile subscribers, which accounted for more than 75 percent of quarterly revenue, rose 162,000 from the second quarter to 4.94 million at September-end to give it a 45 percent market share.

Contract customers, which typically spend more than their pre-paid counterparts, “continued to grow”, du said, and now account for 7 percent of mobile subscribers.

Data revenue rose 46 percent year-on-year to 167 million dirhams, proving just under 10 percent of mobile revenue.

Du said it had 639,700 fixed line customers in the third-quarter, up 24 percent from a year earlier. It added 16,100 lines in the three months to Sept 30, implying slowing growth. ($1 = 3.673 UAE Dirhams) (Reporting by Matt Smith; Editing by David French)



0

Tags: , ,

Leave a Comment