UAE telecoms operator du on Tuesday reported a 15.4 percent rise in its fourth-quarter net profit before royalty payments, beating analysts estimates, as the telco added more subscribers during the quarter.
Du made a net profit before royalty of 497.4 million dirhams ($135.42 million), compared with a profit of 430.9 million dirhams in the same period a year ago, it said in a statement. It did not provide a net profit figure after royalty payments for the quarter.
Analysts polled by Reuters on average expected the firm to post a quarterly net profit of 270.7 million dirhams.
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