Saudi Telecom Co. — Interim / Quarterly Report 2011

Jul 18, 2011

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2011 (6 months).

7010 · 18/07/2011 19:12:52 · Announcement #22335 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2011 (6 months).

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2011 (6 months).

1 - The net income during the 2nd quarter amounted to SR 2,256 million compared to SR 2,062 million for the corresponding quarter last year, with an increase of 9%, and compared to SR 1,573 million for the immediately prior quarter, with an increase of 43%

2 - The gross profit for the 2nd quarter amounted to SR 7,952 compared to SR 7,335 million for the corresponding quarter last year with an increase of 8%.

3 - The operating income for the 2nd quarter amounted to SR 2,783 million compared to SR 2,345 million for the corresponding quarter last year with an increase of 19%

4 - The net income for the 6 months amounted to SR 3,830 million compared to SR 3,834 million for the corresponding period last year with a decrease of 0,1%

5 - The basic earnings per share for the 6 months amounted to SR 1.92 compared to SR 1.92 for the corresponding period last year.

6 - The gross profit for the 6 months amounted to SR 15,440 million compared to SR 14,495 million for the corresponding period last year with an increase of 7%.

7 - The operating income for the 6 months amounted to SR 5,452 million compared to SR 4,698 million for the corresponding period last year with an increase of 16%.

8 - The increase in net income for the quarter comparing with the corresponding quarter last year, is attributed to the strong growth within the domestic Broadband (fixed & mobile) and content revenues. In addition, the growth in revenues from international operations.

9 - Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the 2nd quarter amounted to SR 5,086 million compared to SR 4,504 million for the corresponding quarter last year with an increase of 13%, and for the 6 months amounted to SR 9,900 million compared to SR 8,964 million for the corresponding period last year with an increase of 10%.

10 - Revenue from services for the 2nd quarter amounted to SR 13,880 million compared to SR 12,591 million for the corresponding quarter last year, with an increase of 10%, and for the 6 months amounted to SR 26,956 million compared to SR 25,111 million for the corresponding period last year with an increase of 7%.

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