Print this page
Email this to a friend
Discuss this article (7 Comments)Telecom firm Du posts $12mn losses
by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 24 July 2008
IN THE RED: Telecom firm Du posted a loss of $12mn in the second quarter. (Getty Images)
Dubai-based telecom firm Du on Thursday posted a loss of nearly $12 million in the second quarter, below an analyst forecast.
Investment bank EFG-Hermes predicted a loss of 46.04 million dirhams in a survey by newswire Reuters last month.
The company reported revenues of $247 million for the period ending 30 June 2008, a 200 percent increase from the same period in 2007, it said.
Du made a loss of $16 million in the first quarter of this year.
Its revenues were $82 million in the second quarter of last year and $205 million in the first quarter of this year. (Reuters)
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST BANKING & FINANCE
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST BANKING & FINANCE
LATEST MIDDLE EAST BUSINESS NEWS
RELATED STORIES
du
| 154 stories- GCC broadband 'too expensive' says Du CEO
12 Nov '08 | News - Du to spend $544mn on infrastructure
2 Nov '08 | News - Du breaks even for first time
2 Nov '08 | News
Mobile
EMIRATES ID DOWNLOAD
