3 Hrs
Source:
Sky News
Du reports $444.4M in H1 net profit
UAE-based telecommunications company "du" announced a net profit of 1.632 billion dirhams (approximately $444.4 million) for the first half of 2026, reflecting a 12.6% increase compared to the same period last year. The company recorded a rise in its earnings before interest, taxes, depreciation, and amortization (EBITDA) by 10.5%, reaching 4.032 billion dirhams, with an expanded profit margin to 49.2%. Revenues also increased by 5.8% to 8.198 billion dirhams, supported by a 7.7% growth in service revenues. In the second quarter, "du" achieved notable profit growth, reaching 798 million dirhams, alongside an expansion in its mobile and fixed-line subscriber base. The company announced a quarterly dividend payout of 0.26 dirhams per share, reaffirming its operational resilience and growth potential despite regional challenges, with a focus on enhancing cloud computing and artificial intelligence services.
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