Google+ Followers

Sunday, 31 July 2016

UAE telco du extends earnings slump as Q2 net profit dips 11.3 pct | Reuters

UAE telco du extends earnings slump as Q2 net profit dips 11.3 pct | Reuters:

"Du, the United Arab Emirates' No.2 telecom operator, extended its earnings slump as it reported an 11.3 percent fall in its second-quarter net profit on Sunday.

The firm, which ended rival Etisalat's domestic monopoly in 2007, had reported declining profits in the preceding six quarters, according to Reuters data.

Du made a net profit of 445.4 million dirhams ($121.3 million) in the three months to June 30, down from 502.0 million dirhams in the year-earlier period."



'via Blog this'