DUBAI Feb 16 The United Arab Emirates' second
largest telecom company du expects to save 1 billion
dirhams ($272.3 million) by 2019 as higher government taxes
continue to weigh on its net profit, its chief executive said
The Dubai-listed company expects to save "at least" 1
billion dirhams over the next three years, CEO Osman Sultan told
reporters on a conference call. He later said it could be more.
The savings will come from changes to its cost of sales,
operational expenses and capital expenditure, he said.
Du on Tuesday reported a 20 percent fall in fourth-quarter
Sultan said last month the company had started a
restructuring process in the second quarter of 2016 that
included some job cuts.
($1 = 3.6726 UAE dirham)
(Reporting by Alexander Cornwell; editing by Jason Neely)