Emirates Telecommunications (Etisalat) (ETEL.AD), the UAE firm bidding for a controlling stake in Kuwait's Zain (ZAIN.KW), posted a small but unexpected rise in fourth-quarter net profit on Thursday.
Etisalat's fourth-quarter net profit rose to 2.03 billion dirhams ($553 million), compared with 1.99 billion dirhams a year earlier, according to Reuters calculations.
Analysts polled by Reuters had forecast the Arab world's largest telecom operator by market value would report a quarterly net profit of 1.74 billion.
No comments:
Post a Comment