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Etisalat's profit up 20%
- United Arab Emirates: Tuesday, January 29 - 2008 at 07:38
Etisalat's fourth-quarter profit rose 20% by adding new mobile phone users at home, but the company missed most analysts' forecasts as it continued to expand abroad, reported Reuters. The second-largest Arab telecom operator by market value made Dhs1.76bn ($480m) in the three months to December 31, up 19.7% from a year earlier. The quarterly profit missed four of five analysts' forecasts in a Reuters survey last month, which ranged from Dhs1.61 billion to Dhs2.03 billion.
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Jeff Florian, Senior ReporterTuesday, January 29 - 2008 at 07:38 UAE local time (GMT+4)
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