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Thursday, 27 July 2017

UPDATE 1-Etisalat's Q2 net profit falls 15 pct as impairments weigh

UPDATE 1-Etisalat's Q2 net profit falls 15 pct as impairments weigh:

"United Arab Emirates-based telecoms operator Etisalat posted a 14.7 percent drop in second quarter net profit attributable to shareholders as impairments rose, its full financial report showed on Thursday.

The country’s largest telecoms operator issued a statement on Wednesday to say its net profit rose 6 percent, but it did not provide a breakdown of its net profit attributable to shareholders, a measure closely watched by investors.

On that basis, net profit was 1.97 billion UAE dirham ($536.40 million) in the second quarter compared with 2.31 billion dirhams in the prior-year period, a bourse filing showed."



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