Saudi Telecom Co. — Interim / Quarterly Report 2013

Apr 22, 2013

Appending announcement from Saudi Telecom Company for the interim consolidated financial results for the period ending at 31.3.2013 (3 months).

7010 · 22/04/2013 08:25:24 · Announcement #30586 · View on Saudi Exchange

Appending announcement from Saudi Telecom Company for the interim consolidated financial results for the period ending at 31.3.2013 (3 months).

Appending announcement from Saudi Telecom Company for the interim consolidated financial results for the period ending at 31.3.2013 (3 months):

Appending to the announcement of Saudi Telecom Company on Tadawul on Sunday 21.04.2013 for the interim consolidated financial results for the period ending 31.03.2013, the Company would like to include an additional reason that resulted in the decrease of Net Income for the 1st quarter of 2013 compared to the same quarter last year, which was stated in item (5), to be as follow:

5 - The decrease in net income for the 1st quarter of 2013 compared to the same quarter last year (despite the 2.6% increase in gross profit and the improvement in operations efficiency), is attributed to the booking of non-cash charge of SR 500 million provision from impairment of intangible assets related to Aircel, India during the 1st quarter, and also to the disposal of fixed assets with a net book value of SR 277 million during the 1st quarter which resulted from the fixed assets verification project held by the company, and this is a one-time, non-recurring and non-cash charge.

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