2016, A bottom line crash
After having recorded a timid 9M 2016 revenue growth with a slight increase by 1.1%, DU caught up in Q4 2016 closing the quarter on a strong 9% increase in revenues at AED3.434bn. Thus, DU’s FY 2016 revenues increased to AED12.727bn, a modest 3.2% growth rate, with an increase in revenues across all its business segments. Indeed, despite the mobile market saturation in the UAE and increased pricing pressures from Etisalat, DU has succeeded in increasing its Mobile revenue by 1.5%, yoy, to AED9.122bn (71.7% of total revenues vs.
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