Saudi Telecom’s Q1 profit up 13%

18 Apr 2006

Saudi Telecom Company (STC)’s net income rose 13% year-on-year in the first quarter to SAR3.4 billion (USD910 million), on revenues that rose 8% to SAR8.5 billion (USD2.25 billion). The results followed a net profit of SAR3.27 billion (USD872 million) in the fourth quarter of last year, a 99% rise on the corresponding period of 2004.

Saudi Arabia, Saudi Telecom Company (stc)