Etisalat and du assets increased to 146.8 billion dirhams at the end of the first quarter 2020 – Economic – Financial Markets

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The total assets of telecommunications companies traded in the UAE financial markets continued to rise during the first quarter of the year 2020, reaching 146.8 billion dirhams, an increase of 1.2% compared to 145.1 billion dirhams in the same quarter of 2019.

The revenues of the two telecom companies and du from the telecommunications services “a fixed and mobile phone” reached 7.78 billion dirhams at the end of the first quarter of this year, accounting for about 48.3% of the total revenues achieved by the two companies at the end of last March.

Usually revenues from mobile and data services constitute more than 85% annually of the total revenues of the two companies, according to what the financial data analysis shows.

On the profitability level, the net profits of each of Etisalat and du during the first quarter of this year amounted to about 2.9 billion dirhams, according to the financial statements issued by the two companies.

While the profits of Emirates Telecom reached 2.534 billion dirhams during the first quarter, the profits of “du” company amounted to 355 million dirhams.

On the assets side, for Etisalat, it amounted to approximately 130 billion dirhams during the first quarter of this year, and about 16.83 billion dirhams for “du” in the same monitoring period … As for revenues, it amounted to 13.113 billion dirhams for Etisalat from the beginning of this year until the end of the month March … while it reached about 2.988 billion dirhams for the company Du.

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