Saudi Telecom Co. — Earnings Release 2012

Feb 20, 2012

Saudi Telecom Company announces the consolidated financial results for the year ending at 31.12.2011.

7010 · 20/02/2012 18:09:44 · Announcement #24202 · View on Saudi Exchange

Saudi Telecom Company announces the consolidated financial results for the year ending at 31.12.2011.

Saudi Telecom Company announces the consolidated financial results for the year ending at 31.12.2011 :

1 - The net income for the year amounted to SR 7,729 million compared to SR 9,436 million for the corresponding period year with a decrease of 18%.

2 - The basic earnings per share amounted to SR 3.86 compared to SR 4.72 for the corresponding year.

3 - The gross profit amounted to SR 31,328 million compared to SR 30,323 million for the corresponding year with an increase of 3%.

4 - The operating income amounted to SR 11,171 million compared to SR 10,978 million for the corresponding year with an increase of 2%.

5 The Revenue from services amounted to SR 55,662 million compared to SR 51,787 million for the corresponding year with an increase of 8%.

6 - Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the year amounted to SR 20,025 million compared to SR 19,620 million for the corresponding year with an increase of 2%.

7 - The decrease in net income for the year (In spite of the 2% increase in operating income) is attributed to foreign currency exchange fluctuations losses amounting to approximately SR 1,105 million. Also, there was an amount of SR 728 million recorded in the 3rd quarter of last year which represents a gain from the sale of fixed assets (Towers) related to AIRCEL in India, subsidiary of Malaysian BGSM holding Group .

8 - According to the Board of Directors recommendation of interim dividends on Wednesday 24/2/1433H corresponding to 18/1/2012G, for the 4th quarter 2011G amounting to SR (1,000) million, at the rate of SR (0.50) per share, resulting in a total dividends represent (5%) of the share par value, allocated to registered shareholders on the date of the convening of the General Assembly which will be declared at a later date.

Therefore, total dividends for the year 2011 amounted to SR 4,000 million at the rate of SR 2 per share, which represent 20% of the share par value and with a price to earnings ratio of 5.9%.

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