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Tuesday, 1 November 2016

UPDATE 2-UAE's du expects to maintain dividends despite lower net profit - CEO | Reuters

UPDATE 2-UAE's du expects to maintain dividends despite lower net profit - CEO | Reuters:

"Du, the United Arab Emirates' second biggest telecoms network operator, does not expect a fall in its net profit this year caused by higher taxes to affect its ability to pay a dividend, its chief executive said on Tuesday.

Osman Sultan's comments came after the company reported a 6.6 percent fall in third-quarter net profit to 457.2 million dirhams ($124.5 million), a fall in earnings for the eighth successive quarter.

"The situation in terms of cash in the company is healthy and can sustain the dividend," Sultan said on a conference call with reporters."



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