0
General

Du net profit increases in first 9 months but revenue declines

Friday 23 October 2020 | 10:42 CET | News
UAE-based operator Du said its net profits increased to AED 1.39 billion during the first nine months of 2020 from AED 1.29 billion in the corresponding period of 2019, according to a bourse filing. Its revenues amounted to AED 8.34 billion in the January-September period, down from AED 9.40 billion in the same period of the earlier year, according to Du's consolidated financials for the nine-month period of 2020.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Du
Countries: United Arab Emirates
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Du Q4 profit hit by TV writedown, revenues up 2% on sequential basis

Published 09 Feb 2021 09:55 CET | United Arab Emirates
UAE operator Du announced that its revenues increased by 1.9 percent to AED 2.74 billion in the fourth quarter compared to Q3 ...

Etisalat and Du plan to raise foreign ownership limits on their stocks

Published 20 Jan 2021 15:35 CET | United Arab Emirates
UAE telecom operators Etisalat and Du plan to raise the foreign ownership limits in their stock, and both have called meetings on ...

Du partners with Wipro to offer managed security and multi-cloud services

Published 11 Nov 2020 11:32 CET | United Arab Emirates
Du has announced a partnership with Wipro to provide organisations in the UAE with comprehensive end-to-end managed security ...

Du starts offering mobile top-ups via Amazon

Published 13 Oct 2020 11:30 CET | United Arab Emirates
UAE operator Du has launched a service with Amazon to simplify everyday payment needs for pre-paid mobile customers. Du customers ...

Du CEO Dennelind departs, new MD, acting CEO appointed

Published 21 Sep 2020 12:58 CET | United Arab Emirates
UAE operator Du has reshuffled its top executive management, appointing a new managing director and an acting chief executive. ...

Du approves sale of 26% stake in Khazna Data Centre

Published 09 Sep 2020 08:49 CET | United Arab Emirates
UAE-based operator Du is divesting its shares in Khazna Data Centre. Du said that its board of directors approved the sale of its ...