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FINANCIAL NEWS
UAE’s du to post high revenue in Q2
02 May 2014
(MENAFN) du, the UAE”s second-biggest telecoms operator, said it plans to keep its revenue growth high and pay a half-yearly dividend in 2014 after the slow growth it posted in the first quarter, according to Arab News.
The company posted a 4.5 percent growth in net profit in the first quarter of this year, its lowest since 2008.
Chief Executive Osman Sultan said: “I would like to see double-digit growth for the year in revenue.”
Sultan said du would target getting more subscribers onto monthly contracts to help increase revenue share.
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