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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.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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