Saudi Telecom Company announced that it achieved a quarterly operating profit of 3.2 billion riyals, in the first quarter compared to 2.6 billion riyals in the first quarter of 2018, a growth of 24.4%. < / p>
While the company's quarterly profits, after zakat and tax, reached 2.75 billion riyals in the first quarter of 2019, compared to 2.58 billion riyals in the corresponding period of 2018, a growth of 6.25 %, Compared to 3.1 billion riyals, in the previous quarter, down 11.5%.
Saudi Telecom attributed the increase in net profit during the first quarter by 162 million riyals, for several reasons, including an increase in revenue of 1.037 million riyals, with an increase in the cost of revenue by 68 million riyals Only, resulting in an increase in gross profit of 969 million riyals.
It is mentioned that the Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawahha honored today a number of STC engineers and technicians working in the projects, namely Mohammed Al-Sharafi, Mohammed Al-Shamrani, Abdul Rahman Al-Soghair, Khaled Al-Abdul-Karim, Majdi Al-Sharif, and also honored the CEO of the group STC Engineer Nasser Bin Sulaiman Al-Nasser.
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