Saudi Telecom Co. — Interim / Quarterly Report 2012

Apr 18, 2012

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 31.3.2012 (3 months).

7010 · 18/04/2012 16:12:04 · Announcement #25339 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 31.3.2012 (3 months).

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 31.3.2012 (3 months).

1 - The net income during the 1st quarter amounted to SR 2,521 million compared to SR 1,573 million for the corresponding quarter last year, with an increase of 60%, and compared to SR 2,337 million for the immediately prior quarter, with an increase of 8% as per the audited annual financial statements.

2 - The gross profit for the 1st quarter amounted to SR 8,435 million compared to SR 7,488 million for the corresponding quarter last year with an increase of 13%.

3 - The operating income for the 1st quarter amounted to SR 3,178 million compared to SR 2,669 million for the corresponding quarter last year with an increase of 19%.

4 - The basic earnings per share for the 1st quarter amounted to SR 1.26 compared to SR 0.79 for the corresponding period last year.

5 The increase in net income for the 1st quarter of 2012 compared to the same period last year is attributed to the 12% increase in operating revenue which came as a result to the growth in all of the group services revenue, PSTN, ALJAWAL (mobile), Business sector and Wholesales. In addition, the overall improvement in operations efficiency have contributed to this increase.

6 - Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the 1st quarter amounted to SR 5,374 million compared to SR 4,815 million for the corresponding quarter last year with an increase of 12%

7 - Revenue from services for the 1st quarter amounted to SR 14,679 million compared to SR 13,076 million for the corresponding quarter last year, with an increase of 12%.cont.

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