UAE’S telecom operator Du recently noted reported a 14.9 percent rise in fourth-quarter net profit. According to the company the rise in profit was mainly attributed to a rise in revenue, improvement in gross margin and cost savings.
A net profit was made after royalty of 425 million dirhams ($115.7 million) in the three months to Dec. 31, up from 370 million dirhams in the year-earlier period.
The net revenue for the last quarter of 2017 was 3.45 billion dirhams, up 0.5 percent from the same period a year earlier.
Du also operates Virgin Mobile-branded services in the UAE. It ended Etisalat’s domestic monopoly in 2007.
more recommended stories
Amazon-owned Souq.com has opened a new fulfilment centre in Dubai
Souq stated that the 23,000 square.
Emirates Global Aluminium reported the completion of the first major section of alumina refinery at Al Taweelah
The largest industrial company in the.
Standard Chartered is cutting jobs in Dubai and Singapore
Standard Chartered is cutting jobs in.
GQ Middle East cover has revealed Mohamed Salah as the subject of its later cover
GQ Middle East has disclosed Liverpool.