UPDATE 1-UAE telco du Q2 net profit rises 1.3 pct | Reuters

UPDATE 1-UAE telco du Q2 net profit rises 1.3 pct | Reuters:

Emirates Integrated Telecommunications Co (EITC), also known as du, posted a 1.3 percent rise in second-quarter net profit on Thursday, buoyed by an increase in fixed line revenue.

Net profit after royalties for the three months to June 30 rose to 453 million dirhams ($123.34 million) from 447 million a year earlier.

SICO Bahrain and EFG Hermes forecast du would make a profit of 430.4 million and 428.7 million dirhams, respectively.