Du net income slightly higher in first quarter
Dubai Financial Market General Index (DFMGI) advanced by 0.38 per cent to 5,078.37 points on Thursday, May 1. The shares of Emirates Integrated Telecommunication Corporation, also known as du, fell by 1.17 per cent to AED5.90. Since January 1, du shares have lost by approximately 11.26 per cent. Earlier in the day, the UAE’s second telecom operator revealed that its net profit before royalty was AED865 million ($235.88m) in Q1 2014, up by 15.1 per cent when compared with Q1 2013. Du’s net profit after royalty grew to AED490m ($133.62m) in Q1 2014, a 4.8 per cent increase over Q1 2013.