Du records Dh1.94 billion income in '15

Dubai - Du made a net profit of Dh461.0 million ($125.5 million) in the three months to December 31, down from Dh512.7 million in the year-earlier period, according to Reuters' calculations based on previous financial statements.



By Reuters

Published: Sun 14 Feb 2016, 11:00 PM

Last updated: Mon 15 Feb 2016, 8:22 AM

 Du reported on Sunday a 10.1 per cent fall in fourth-quarter net profit.
The firm had reported declining profits in the preceding four quarters according to Reuters data.
Du made a net profit of Dh461.0 million ($125.5 million) in the three months to December 31, down from Dh512.7 million in the year-earlier period, according to Reuters' calculations based on previous financial statements.
Beltone Financial forecast du would make a quarterly profit of Dh584.5 million.
Du's annual profit for 2015 was Dh1.94 billion, down from Dh2.11 billion in 2014, according to a bourse statement.
The firm's 2015 annual revenue was Dh12.34 billion. This compares with Dh12.24 billion a year ago. 


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