Saudi Telecom Co. — Interim / Quarterly Report 2013

Apr 21, 2013

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

7010 · 21/04/2013 18:01:14 · Announcement #30564 · View on Saudi Exchange

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

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

1 - The net income during the 1st quarter amounted to SR 1,550 million compared to SR 2,521 million for the corresponding quarter last year, with a decrease of 38.5%, and compared to SR 468 million for the immediately prior quarter, with an increase of 231%.

2 - The gross profit for the 1st quarter amounted to SR 6,494 million compared to SR 6,329 million for the corresponding quarter last year with an increase of 2.6%.

3 - The operating income for the 1st quarter amounted to SR 2,218 million compared to SR 2,675 million for the corresponding quarter last year with a decrease of 17%.

4 - The basic earnings per share for the 1st quarter amounted to SR 0.77 compared to SR 1.26 for the corresponding period last year.

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.

6 - The increase in net income for the 1st quarter of 2013 compared to the immediate prior quarter is attributed to the booking of SR 640 million provisions from impairment of intangible assets and SR 544 million deferred taxes charge during the 4th quarter of 2012.

7 - Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the 1st quarter amounted to SR 3,834 million compared to SR 4,228 million for the corresponding quarter last year with a decrease of 9%

8 - Revenue from services for the 1st quarter amounted to SR 11,474 million compared to SR 11,067 million for the corresponding quarter last year, with an increase of 3.7%. Cont.

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