Thursday, 1 November 2018

UAE telco du Q3 net profit falls 7.4 pct | Reuters

UAE telco du Q3 net profit falls 7.4 pct | Reuters:

Emirates Integrated Telecommunications Co (EITC), known as du, posted a 7.4 percent fall in third-quarter net profit on Thursday.

The United Arab Emirates’ No. 2 telecom operator reported a net profit after royalty of 441 million dirhams ($120 million) in the three months to Sept. 30, down from 476 million dirhams a year ago.

Revenue rose 6.4 percent to 3.3 billion dirhams, the company said.

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