The profits of Telecommunications Company (TRA), an increase in total revenues to 8.4 billion pounds during the first quarter of this year, a growth rate of 20% compared to the same period last year, driven by growth of data services, which rose 37% and contributed 66% growth In total revenue.
According to Arab Net, the company has shown growth at its customer base at all services provided as the number of fixed telephone subscribers increased by 7%, and high-speed Internet clients increased by 22%, mobile subscribers by 38% over the same period last year. p>
Pre-interest, taxes, consumption and consumption amounted to 3.2 billion pounds by 42% over the same period last year and a strong profit margin of 39% as a result of revenue growth and efforts to rationalize costs.
Net profit after taxes was 2.1 billion pounds, an increase of 62% from the same period last year supported by strong operational performance. By neutralizing the impact of non-operational elements, currency and currency profits, deferred income and non-operational income taxes and non-profits of investments, net profit is 1.8 billion pounds by growth of 77% compared to the same period.
Operational cash flows rose 80% on an annual and 33% on a quarterly basis to 3.4 billion pounds.
Capital expenditures represented 14% of total revenue, while paid capital expenditures represented 5.7 billion pounds due to paying the first installment of new frequencies.
Net debt scored 19.8 billion pounds achieved a net debt ratio of profit before interest, taxes, depreciation and consumption on an annual basis of 1.5 times compared to 1.6 times by the end of 2020, and the interest rate fell to 5.7% compared to 7.4% in the fourth quarter 2020.
