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du announces strong Q1 results as solid shareholder value continues

: Thursday, May 01 - 2014 @ 13:43

Emirates Integrated Telecommunications Company PJSC ‘du’ announced its first quarter results of 2014. The results demonstrate continued solid performance on all main indicators as the company continues to deliver world class customer service, shareholder value and contribute to the growth of the UAE’s economy.

Highlights for the first quarter:
-Revenues for Q1 2014 reached Dhs2.96bn, an 12.5% increase on Q1 2013 (Dhs2.63bn)
-EBITDA grew to Dhs1.18bn up 12.3% compared to Q1 2013 (Dhs1.05bn)
-Net profit before royalty was Dhs865m in Q1 2014, up 15.1% compared to Q1 2013.
-Net profit after royalty grew to Dhs490m in Q1 2014, a 4.8% increase on Q1 2013.
-306,308 net active mobile customers were added during the first quarter, bringing the total mobile customer base to 7.55 million

Osman Sultan, du’s Chief Executive Officer, commented, “This quarter we achieved positive revenue growth and healthy levels of profitability driven by our strategic focus on enhancing the customer experience. We have begun 2014 on a strong footing with double digit growth in revenues and EBITDA by developing innovative propositions for customers and delivering on our commitment to focusing on operational efficiencies.”

“In 2014 we will continue to work towards Vision 2021 so that we actively engage with plans to implement a Smart Government across the UAE and transform Dubai into a Smart City. We look forward to playing our part in delivering truly smart capabilities that improve and simplify our customers lives and create a happy community,” he added.

For more information please contact:
Nicola Hooper
Bell Pottinger
Tel: +971558862254

Rima Ali
Bell Pottinger
Tel: +971555597414

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Thursday, May 1- 2014 @ 13:43 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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