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Du announces financial results for the second quarter of 2013
During this period provided a strong performance in net profits and earned 474 million.
Said Osman Sultan, Chief Executive of the Emirates integrated telecommunications company, du said the company made during the second quarter of 2013 strong performance in net profit after royalty in the same period to reach 472 million dirhams, up from 326 million in the second quarter of 2012.
Net profit increased by 1% compared with the first quarter of 2013 with 468 million, the net profit was after royalty grew by 40.46 percent to 468 million for the first quarter of 2013 for a total net profit of the company for the first half of this year, 249 million dirhams.
The Ministry of Finance has identified in December of 2012 a new mechanism for the franchise fee to Etisalat and du, with a federal franchise for 2012 “connections” of 15% of revenue, and 35% of profits, in what amounted to a “de” 5% from 17.5% of profit income, consolidated percentage fees for companies from 2016 to be 15% of the revenues, and 30% of the profits.
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