International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
We will never stop talking
…proves Du’s recent profit report. The telecom operator announced an AED8 million profit for 2008.
February 10, 2009 1:28 by Aarti Nagraj
Telecom operator du has just reported an annual net profit of AED4 million for 2008. Its revenues for the year grew by 157 percent from 2007 to reach AED3.95 billion. According to du, its highest quarterly profit of AED78 million came in the fourth and last quarter of the year, the time when the financial crisis was squeezing the money out of most other companies.
“We were a little bit ambitious about setting the targets for the company… we have exceeded them,” Osman Sultan, du’s CEO told Gulf News.
This year, the company plans to invest an additional AED2 billion in infrastructure.
We think that people talk more during a crisis. Do you agree?