Economy Country October 28, 2024

du records an increase in net profits

The net profit of the integrated telecommunications company "du" has increased, reflecting good performance and an increase in revenues within the telecommunications sector in the country.


du records an increase in net profits

According to the company's report, the net profit of 'Du' grew by 28.2% for the first nine months of 2021 compared to the same period last year. From January to September 2021, the net profit reached 1.21 billion dirhams.

The company noted that the growth in profit was primarily due to the recovery of the business after the COVID-19 pandemic, as well as an increase in revenues from mobile communication services and broadband internet access. Stable management of operational costs also contributed to the increase in net profit.

The company's sales for the first nine months of 2021 amounted to 7.09 billion dirhams, which represents an increase of 6.5%. Operational profit before interest, tax, amortization, and depreciation (EBITDA) also grew by 19.2% to 2.50 billion dirhams.

It should be noted that the 'Du' company is actively investing in network infrastructure and digital technologies within the framework of its development strategy and the enhancement of services for customers.