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Telecom firm Du posts $12mn losses
By John Irish on Thursday, July 24, 2008
Investment bank EFG-Hermes predicted a loss of 46.04 million dirhams in a survey by newswire Reuters last month.
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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)
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User Comments (7 comments) 
Posted by Shahzad Nadeem, Jeddah, Saudi Arabia on 30 July 2008 at 16:34 UAE time
DU can and expected to stand tall in front of Etisalat, it's the matter of time ,customers satisfaction and market acceptability.
Posted by muhammad, lahore, pakistan on 28 July 2008 at 22:03 UAE time
Etisalat are miles and miles away and Du cannot stand in front of Etisalat.
Posted by Sheetal, Dubai, UAE on 26 July 2008 at 21:19 UAE time
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!
Posted by Hussain M, Jeddah/Thuwal, Saudi Arabia on 26 July 2008 at 12:08 UAE time
i think people just got sick of du...specially after banning Skype.
Posted by rahul on 25 July 2008 at 21:25 UAE time
Compared to the last Q2 DU actually had an increased revenue of around 200%. The loss is only based on some analysts expectations. DU an emerging Telecom giant.
Posted by Mike, Dubai, UAE on 24 July 2008 at 15:46 UAE time
Du should focus on customer service. They display how not to treat the customer on a daily basis, worst I have ever seen.
Posted by Kaptain, Amman, UAE on 24 July 2008 at 14:08 UAE time
Hoping that du shouldn't start laying off over such news. Every business needs 4 years to stabilise. Du should concentrate on Telecom models running in parallel in Asia countries where the consumer basket is consistent but with astounding facilities.
Cost cutting is far-fetched in today's inflationary model economy..thus more facilities for less would ensure the money till doesn't stop ringing even once in a while.