Sunday 14 February 2016

UAE telco du Q4 net profit falls 10.1 pct | Reuters

UAE telco du Q4 net profit falls 10.1 pct | Reuters:

"Du, the United Arab Emirates' No.2 telecom operator, reported on Sunday a 10.1 percent fall in fourth-quarter net profit.

The firm, which ended rival Etisalat's domestic monopoly in 2007, had reported declining profits in the preceding four quarters according to Reuters data.

Du made a net profit of 461.0 million dirhams ($125.5 million) in the three months to Dec. 31, down from 512.7 million dirhams in the year-earlier period, according to Reuters' calculations based on previous financial statements."



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