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UAE telco du posts Q1 net profit of AED194 million

Net profits for the first quarter quadrupled those posted in the year earlier period.

May 11, 2010 9:59 by

The UAE’s telecom operator du Tuesday posted net profits of AED 194 million for the first quarter 2010, up from AED 47 million in the same period last year, according to the company.

The company’s key financial were broadly positive, with du reporting a 36 percent increase in total revenue for the first quarter of the year, to AED 1.58 billion – reportedly the highest revenue to date for the company.

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