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Wednesday, 26 October 2016

UPDATE 1-UAE's Etisalat misses estimates for third-quarter net profit | Reuters

UPDATE 1-UAE's Etisalat misses estimates for third-quarter net profit | Reuters:

"United Arab Emirates-based telecoms operator Etisalat missed analyst forecasts on Wednesday as it posted a small fall in third-quarter net profit, according to Reuters calculations.

Etisalat, which directly and indirectly operates in about 18 countries across the Middle East, Africa and Asia, made a net profit after royalty payment - or tax - of 1.9 billion dirhams ($517.4 million) in the three months to Sept. 30, it said in a statement on Wednesday.

It did not provide a comparative profit figure. Its financial statement for the corresponding period of last year stated earnings of 1.95 billion dirhams."



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