UAE Telecoms Company Du Warns Of Second-Half Revenue Decline

United Arab Emirates telecoms company du expects its revenue to continue to decline in the second half of 2019, CEO Osman Sultan told reporters on a conference call Wednesday.

The company on Tuesday posted second-quarter net profit of 464 million UAE dirhams ($126.3 million), up 2.4 percent from the same period last year, on revenue down 4.8 percent.

He declined to provide a profit forecast for the second half.―Reuters