Dubai – Mubasher: Emirates Integrated Telecommunications Company (du), listed on the Dubai Financial Market (DFM), posted a 40.5% year-on-year surge in its net profit for the first quarter of 2018, recording AED 513 million from AED 365 million.

Revenues increased by 5.2% to AED 3.331 billion in the three-month period ended March 2018, from AED 3.166 billion in the year-ago period, du said in a press release.

Commission declined by 29% to AED 86.7 million in the January-March period of 2018, compared to AED 121.4 million in the corresponding period a year earlier, the UAE's second-largest telecom company noted.

Meanwhile, earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 18.2% to AED 1.451 billion in Q1-18, versus AED 1.228 billion in Q1-17.

The telecom firm has allocated around AED 67 million in revenues from telecommunication license and related fees in Q1-18, against recording expenses of AED 98.3 million in the prior-year period.

UAE-based du had previously reported a 2.3% year-on-year rise in net profit for the full-year 2017 to AED 1.75 billion, against AED 1.72 billion in the year before.