(MENAFN) DU, the UAEs' No.2 telecom operator, will continue to see pressure on revenue growth in the next two quarters and earnings from the mobile market.
Additionally, the firm made a net profit of USD 131mn in the three months to March 31, down from USD 132.58mn a year earlier.
Moreover, EFG Hermes and SICO Bahrain forecasted that du would make a quarterly profit of USD 130.84mn and USD 136.53mn.
This year the firm will pay 15 percent of its regulated revenue, which excludes the likes of handset sales and 30 percent profit of its regulated profit in royalties.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.