United Arab Emirates' du on Thursday reported a 62 percent rise in first-quarter net profit, beating analysts' estimates, as the telecoms operator added subscribers and mobile data revenue more than doubled from a year earlier.
Du, which is majority-owned by government institutions, made a profit of 333.1 million dirhams ($90.69 million)in the three months to March 31, up from 205.8 million dirhams in the year-earlier period, according to a statement to the Dubai bourse.
A one-off gain of 30 million dirhams from "favourable settlements" also boosted this year's first-quarter profit. The company did not provide further details on the gain.
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