RPT-Dubai telecom firm du posts surge in Q3 profit

Sun Nov 1, 2009 12:30am EDT

(Repeats to add dropped word in second paragraph)

DUBAI Nov 1 (Reuters) - Dubai telecom firm du DU.DU said on Sunday its third-quarter net profit before royalty rose to 157.1 million dirhams ($42.78 million).

In its statement, du said this was a 398 percent rise on the third quarter of the previous year, but did not say what its net profit after royalty was for Q3 2009.

Du posted a net profit of 31.47 million dirhams in the same period of 2008.

Analysts polled in a Reuters survey in October forecast an average 177.4 percent rise in third-quarter profit. [ID:nL4449450]

(Reporting by John Irish; Editing by Andrew Hammond)

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