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TMCNet:  SR 468 m Q4 profit for STC [Arab News (Saudi Arabia)]

[January 22, 2013]

SR 468 m Q4 profit for STC [Arab News (Saudi Arabia)]

(Arab News (Saudi Arabia) Via Acquire Media NewsEdge) Saudi Telecom Company (STC) said its net income during the fourth quarter of 2012 amounted to SR 468 million compared to SR 2.278 billion for the corresponding quarter last year. This is a decrease of 79 percent, said a bourse statement.



The gross profit for the fourth quarter amounted to SR 8.14 billion compared to SR 7.94 billion for the corresponding quarter last year. This is an increase of 2.6 percent.

The operating income for the fourth quarter amounted to SR 1.9 billion compared to SR 2.81 billion for the corresponding quarter last year with a decrease of 32.5 percent.

The net income for the 12 months amounted to SR 7.35 billion compared to SR 7.729 billion for the corresponding period last year with a decrease of 4.9 percent after adjusting the compared numbers.

The basic earnings per share for the 12 months amounted to SR 3.68 compared to SR 3.86 for the corresponding period last year .

The gross profit for the 12 months amounted to SR 33.6 billion compared to SR 31.33 billion for the corresponding period last year with an increase of 7.2 percent.

The operating income for the 12 months amounted to SR 11.252 billion compared to SR 11.171 billion for the corresponding period last year with an increase of 1 percent.

(c) 2012 Arab News All rights reserved. Provided by Syndigate.info an Albawaba.com company

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