UAE Tecom Group's stocks rise 3.7%

Published May 4th, 2023 - 07:25 GMT
UAE's Tecom Group's Stock Rises 3.7% Following Strong Q1 Results
The company's stock rose by 3.7 Percent after reporting a 34 Percent increase in profits in the first quarter of this year

ALBAWABA - Dubai's Financial Market index closed slightly higher by 0.01 percent, with UAE's "Tecom" Group being one of the biggest gainers in the Dubai market.

The company's stock rose by 3.7 percent after reporting a 34-percent increase in profits in the first quarter of 2023, compared to the same period in 2022, according to Wednesday's figures.

It reached $69.4 million.

Additionally, the group reported a 44-percent increase in cash flow, reaching $98 million.

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