Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) logged net profits valued at AED 602.91 million in the first quarter (Q1) of 2024, an annual hike from AED 370.48 million.

Revenues grew year-on-year (YoY) to AED 3.58 billion in Q1-24 from AED 3.44 billion, according to the financial results.

In the first three months (3M) of 2024, the basic and diluted earnings per share (EPS) jumped to AED 0.13 from AED 0.08 a year earlier.

Total assets stood at AED 18.48 billion as of 31 March 2024, higher than AED 17.70 billion at the end of December 2022.

Last year, du posted 36.80% higher net profits at AED 1.66 billion, compared to AED 1.21 billion in 2022.

The DFM-listed group recently launched du Pay to boost financial inclusion in the UAE.