Saudi Telecom Co. — Interim / Quarterly Report 2012

Jul 18, 2012

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2012 (6 months). ( Cont 1 )

7010 · 18/07/2012 18:34:39 · Announcement #26593 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2012 (6 months). ( Cont 1 )

8 - The increase in net income for the quarter comparing with the corresponding quarter last year, is attributed to the increase in operating revenue which came as a result of the growth in Broadband (fixed & mobile), Business sector services and wholesales services revenues domestically and the overall growth in revenues from international operations. In addition, the overall improvements in operations efficiency have contributed to this increase. While net income decrease by 4.5% compared to the previous quarter is attributed to the booking of early retirement program cost of SR 269 million during the 2nd quarter 2012.

9 - Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the 2nd quarter amounted to SR 5,370 million compared to SR 5,086 million for the corresponding quarter last year with an increase of 5.6%, and for the 6 months amounted to SR 10,744 million compared to SR 9,900 million for the corresponding period last year with an increase of 8.5%.

10 - Revenue from services for the 2nd quarter amounted to SR 14,555 million compared to SR 13,880 million for the corresponding quarter last year, with an increase of 4.9%, and for the 6 months amounted to SR 29,233 million compared to SR 26,956 million for the corresponding period last year with an increase of 8.4%. (Cont.)

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