Emirates Integrated Telecommunications Co., the United Arab Emirates’ second-biggest phone company, said third-quarter profit more than doubled, beating estimates, as its client base grew.
Net income climbed to 163.1 million dirhams ($44 million) from 78.55 million dirhams a year earlier, the company known as Du said in a statement to the Dubai bourse today. The median estimate of six analysts was for a profit of 139.5 million dirhams, according to data compiled by Bloomberg. Revenue increased 31 percent to 1.7 billion dirhams.
“By the end of August we had an estimated 37 percent market share of active mobile subscribers and expect this to have increased further by the end of the quarter, which is an outstanding achievement in just three years,” Chief Executive Officer Osman Sultan said in the statement. “We will continue to lead the way for fixed and mobile broadband services.”
No comments:
Post a Comment