The financial statements of Emirates Integrated Telecommunications Company (du) showed that the company's profits increased by 8% during the first nine months of this year on an annual basis.
According to the company's results for the Dubai Financial Market, today, Thursday, profits for the period amounted to 1.4 billion dirhams, compared to profits of 1.3 billion dirhams in the first nine months of last year.
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The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the achievement of exceptional profits as a result of excluding an investment calculated using the equity method of 519.4 million dirhams, against nothing. During the same period in the year 2019.
and the decline in operating expenses by 4.7% to 6.08 billion dirhams, compared to 6.38 billion dirhams during the first nine months of 2019, to the growth of profits for the aforementioned period. Franchising at 23% for profit growth.
The company's profits jumped by 116.2% in the third quarter of this year, to reach 824.1 million dirhams, compared to 381.2 million dirhams in the same period in 2019. < / p>
