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FINANCIAL NEWS
du takes over 44% market share
03 Aug 2011
(MENAFN) du’s CEO Osman Sultan said that company took over 44 percent market share against its competitor Etisalat by the end of the second quarter, reported Arabian Business.
The CEO said that profits before royalty hiked 51 percent, amounting to USD56.4 million.
In addition, revenues rose 28 percent to USD591 million.
It is wroth noting that du results would put further pressure on competitor Etisalat, which saw its net profit drop by 14.9 percent in the second quarter.
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