Du, the United Arab Emirates’ No.2 telecom operator, extended its earnings slump as it reported an 11.3 per cent fall in its second-quarter net profit on Sunday.

The firm, which ended rival Etisalat’s domestic monopoly in 2007, had reported declining profits in the preceding six quarters, according to Reuters data.

Du made a net profit of Dhs 445.4m ($121.3m) in the three months to June 30, down from Dhs 502m in the year-earlier period.

Analysts at EFG Hermes and SICO Bahrain forecast du would make a quarterly profit of Dhs 433.8m and Dhs 487.1m, respectively.

Second-quarter revenue was Dhs 3.07bn, mostly steady versus the Dhs 3.09bn recorded in the corresponding year-ago period.