UAE telecom company du profits fall
Tue, 2021-04-27 12:10
DUBAI: Emirates Integrated Telecommunications Company, the UAE telecom company better known as du, reported a 27 percent fall in first quarter profit compared to a year earlier.
The Dubai-listed company reported profits of about 257.1 million dirhams ($70 million) for the period with overall sales only marginally lower at 2.88 billion dirhams.
Still, the company said profits had quadrupled compared to the previous quarter as the UAE economy slowly rebounds from the depths of last year’s lockdowns.
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from ArabNews https://ift.tt/3tRc89j
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