Dubai – Mubasher: The stock of Emirates Integrated Telecommunications Co. “du” retreated 1.55% to AED 5.080 by 11am UAE time Tuesday on the Dubai Financial Market (DFM), following the announcement of a decline in its profits during the first quarter of 2015.

Around 52,250 shares were traded through three transactions at a value of AED 266,400.

Earlier today, the DFM-listed telecom operator reported a slight decline by 0.64% to AED 487.09 million compared to AED 490.26 million during the same period in 2014.

The DFMGI dropped 0.73% or 30.2 points during early trades to 4,121.74 points, continuing its losses of the second session in a row.

du previously reported a net profit growth, after royalties, by 6% to AED 2.11 billion in 2014, up from AED 2 billion in 2013.