Emirates Integrated Telecommunications Company PJSC du announced its financial results for the first quarter of 2012.

Financial highlights for the quarter:

• Revenues increased 20.1% year on year to AED 2.4 billion, up from AED 2.0 billion in Q1 2011.
• Mobile revenue increased 21.8%, growing to AED 1.9 billion.
• Mobile data revenue grew to 15.5% of mobile revenues
• Post-paid mobile customer base contributed 48.6% of the growth in mobile revenues.
• EBITDA increased by 49.0% year on year to reach AED 925 million
• Net profit before royalty increased 61.8% reaching AED 666 million compared to AED 412 million in Q1 2011

• Mobile data revenue more than doubled to AED 297 million from AED 141 million in Q1 2011.

Customer highlights for the quarter:

• 320,600 mobile customers added, bringing total mobile customer base to 5.5 million.
• 50,400 postpaid mobile customers added, now representing 7.5% of the mobile customer base.
• Fixed line subscribers increased to 545,300; a 13.5% increase from Q1 2011.

Osman Sultan, du’s Chief Executive Officer, said, “We have enjoyed a strong start to the year.  We have achieved healthy growth in revenues, with strong performance from what we believe will be key drivers going forward, including mobile data revenue and our post-paid subscriber base.  Our mobile data revenues in particular more than doubled year on year.  We believe this will continue to grow in importance as a revenue stream, and we will seek to continue developing innovative products and services that encourage data usage.”