The Kuwait Telecom Company (STC) achieved significant profits last year, amounting to 44.87 million dinars, equivalent to 148.7 million dollars, an increase of about 40% on an annual basis.
The significant rise in profits was due to unusual gains from legal claims, the company said in a statement to the Kuwait Stock Exchange on Thursday.
The company recorded a significant jump in profits for the fourth quarter of last year by 354%; To reach 21.09 million dinars, equivalent to 69.9 million dollars.
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