Dubai – Mubasher: Emirates Integrated Telecommunications Company (Du), listed on the Dubai Financial Market (DFM), on Thursday posted a 9.2% year-on-year rise in net profit after royalty for the first nine months of 2018.

Net profit reached AED 1.41 billion during the nine-month period ended September, compared to AED 1.29 billion in the year-ago period, according to a press release.

Revenue grew by 4.8% to AED 10.01 billion for the nine-month period, versus AED 9.553 billion in the same period last year.

At the level of the third quarter of this year, net profit after royalty dropped by 7.4% year-on-year to AED 441 million from AED 476 million.

Moreover, revenue amounted to AED 3.331 billion in the three-month period ended September, up 6.4% from AED 3.131 billion in Q3-17.

In the same vein, Osman Sultan, Du’s CEO, revealed that his company has partnered up with Abu Dhabi Global Market (ADGM) to provide digital and ICT solutions and opened the first fully-digital store in Dubai International Financial Centre (DIFC).

Through this partnership, Du aims to support its customers and win the Smart Cities Award at the Telecoms World Middle East 2018 for its role in developing Dubai Pulse owned by Smart Dubai office, Sultan said.

“We are working diligently to bring next-generation technologies such as 5G, IoT, AI, and blockchain into our network. […] We have a clear vision and well-defined framework to become an ICT service provider by 2021 and support the UAE Vision 2021 strategy,” he added.

He also unveiled that Du was awarded the Ministry of Human Resources and Emiratisation (MOHRE) Award for its remarkable efforts and success in promoting and boosting Emirati talent.