Telecom firm Du posts $12mn losses

Company reports revenues of $247mn for second quarter, up 200% on same period 2007.

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By  John Irish Published  July 24, 2008

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)

3397 days ago
Shahzad Nadeem

DU can and expected to stand tall in front of Etisalat, it's the matter of time ,customers satisfaction and market acceptability.

3399 days ago
muhammad

Etisalat are miles and miles away and Du cannot stand in front of Etisalat.

3401 days ago
Sheetal

I think its too early to comment on Du. Its just been 2 years! or maybe Etisalat is finding an easy way to win competition by putting them down. Give it some time guys!

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