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Saudi Telecom Co

Saudi telecoms firms post 59% surge in Q3 earnings

: Saturday, November 09 - 2013 @ 00:00

Profits of the Saudi telecoms sector grew by 59% to SR4.6bn in the third quarter of 2013, compared with SR2.9bn in the same period last year, Arab News has reported. The major boost of the sector profits came from Saudi Telecom Co (STC) whose share was 84% of the sector’s profit growth. STC’s profits rose by 73% to SR3.4bn in the third quarter, compared with around SR2bn a year ago.

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Saturday, November 9- 2013 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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