Dubai-Mubasher: Dubai-listed du posted a 1.4% decline in its first-quarter profits after royalty, according to a bourse statement.
Net profits after royalty reached AED 480.1 million ($130.7 million) in the first quarter of 2016, compared to AED 487.1 million ($132.6 million) in the same quarter of 2015.
The profit decline resulted from an increase in royalty of 23.6% year-on-year (y-o-y).
Revenues increased 1.3% to AED 3.09 billion ($841.42 million) in Q1-16, compared to AED 3.05 billion ($830.53 million) in Q1-15.
Mobile revenues stood at AED 2.21 billion ($601.79 million) during the period, a decline of declined 0.9% from AED 2.23 billion ($607.24 million).
On the other hand, fixed-line revenues rose 2.3% to AED 630.3 million ($171.63 million) in Q1-16, compared to AED 616.1 million ($167.77 million) in the same quarter of 2015.
