According to Amac News: du report states that this profit has increased by more than 49% in 9 months.
According to the report, the third quarter EBITDA margin is 48.3%, the highest since inception.
The third quarter net profit of 719 million dirhams is the highest quarterly net profit in the last three years, while the nine months net profit grew by 49.7%.
The company showed strong business momentum in the third quarter of 2024, achieving a 1.9% year-over-year revenue increase. Total revenues reached 3.6 billion dirhams, indicating good top line performance.
Profitability also saw a significant improvement, with EBITDA increasing by 16.9% to 1.7 billion dirhams. This growth resulted in a record EBITDA margin of 48.3%, reflecting increased operational efficiency and cost control measures.
Net profit increased by a remarkable 42.7% to 0.7 billion dirhams, marking the highest quarterly net profit achieved in the last three years. Capital expenditures with a capital intensity of 12.2% in the first 9 months of 2024 are becoming normal.
In the B2B segment, a strategic portfolio review introduced two new sub-brands, expanded offerings and increased market reach. In addition, a global partnership with Orange was established with the aim of fostering innovation and driving digital transformation initiatives.
The recent rebranding of the operating brands, with the introduction of two new sub-brands, du Tech and du Infra, represents a strategic shift to drive holistic digital transformation across services, underscoring our commitment to innovation and creating dynamic digital ecosystems.