Browse
related articles
Du reports $270m in Q4 profit on tax write back
- United Arab Emirates: Wednesday, February 20 - 2013 at 06:33
UAE telecoms operator Du has said its quarterly profit has more than doubled, as it wrote back tax provisions and saw an increase in its subscriber base, Reuters has reported. Du made a fourth-quarter net profit of Dhs994m ($270.62m)in the three months to December 31, up from Dhs440m in the year-earlier period. Fourth-quarter revenue was Dhs2.74bn, compared with Dhs2.4bn a year ago. The firm paid Dhs844m in royalty fees for 2012, while pre-royalty net profit was Dhs2.82bn, which is equivalent to a tax rate of about 30%. This compares with 2011's royalty of Dhs715m and pre-royalty net profit of Dhs1.81bn, which equates to a tax rate of 39.5%.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
