Etisalat , the United Arab Emirates' largest telecoms carrier, said on Monday its second-quarter net profit fell 14.9 percent, missing analysts' forecasts, as operating costs rose amid increasing competition in its home market.
The former monopoly, which operates in 18 countries, reported a second-quarter profit of 1.59 billion dirhams ($433 million), down from 1.87 billion dirhams in the year-earlier period.
Analysts polled by Reuters forecast the firm would post a quarterly profit of 1.88 billion dirhams.
No comments:
Post a Comment