Monday 21 July 2014

Etisalat profit jumps 26% on Maroc Telecom buy | GulfNews.com

Etisalat profit jumps 26% on Maroc Telecom buy | GulfNews.com:



"Etisalat reported a 26 per cent jump in second-quarter profit on Sunday, beating analysts’ estimates, as the UAE firm’s acquisition of a majority stake in Maroc Telecom bolstered its bottom line.



The former telecom monopoly, which operates in 19 countries across the Middle East, Africa and Asia, made a net profit of Dh2.5 billion ($680.7 million) in the three months to June 30, up from Dh1.98 billion in the year-ago period, according to Reuters calculations.



Etisalat, which beat the Dh2.19 billion average forecast of analysts polled by Reuters, did not give a quarterly net profit breakdown in its results statement."



'via Blog this'

No comments:

Post a Comment