Extended net profit slump on higher royalty
DU recorded ftat H1 2016 revenues, with a decrease in its Mobile revenues which was offset by increases recorded across the three other business segments. Indeed, H1 2016 total revenues reached AED6.155bn, a slight increase by only 0.2%, yoy, which was maintained thanks especially to strong contributions from the mobile data and wholesale and broadcasting segments. Indeed, the mobile market saturation in the UAE, coupled to increased pricing pressures from Etisalat, has braked the Mobile revenues growth, which fell by 1.3%, yoy, to AED4.418bn (71.8% of total revenues vs.
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