23 Hrs
Source:
اقتصاد سكاي نيوز عربية
Du's 9-month profit hits $653M
UAE's integrated telecommunications company "du" achieved a net profit of $653 million during the first nine months of 2026, representing a 10.8% increase compared to the same period last year, driven by continued demand for communication and digital services and economic stability. The company's revenue grew by 6.2% to reach AED 12.3 billion, with service revenue increasing by 6.8%. Additionally, in the third quarter, the company renewed its telecommunications license for 20 years and extended the franchise fee system for three years, enhancing regulatory stability and ensuring operational continuity. The mobile subscriber base increased by 3.3%, while fixed-line subscribers grew by 5.2%. Pre-tax and depreciation profit margins expanded by 9.2%, and quarterly net profit rose by 7.3%.
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