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FINANCIAL NEWS
UAE’s Teleco net profit drops by 11.3 percent
31 Jul 2016
(MENAFN) The UAE’s No.2 telecom operator ‘DU’ extended its earnings slump at 11.3 percent drops in its Q2 net profit.
Furthermore, the firm made a net profit of USD121.3mn in the three months to June 30, down from USD 136.64mn in the same period of last year.
Additionally, the company is predicted to make a quarterly profit of USD 118.07mn and USD 132.58mn, respectively.
Meanwhile, Q2 revenue was USD 0.83bn, mainly steady against the USD 0.84bn posted in the corresponding year-ago period.
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