Appending announcement from Saudi Telecom Company

22/04/2013 09:06 AST

Appending announcement from Saudi Telecom Company for the interim consolidated financial results for the period ending at 31.3.2013 (3 months):

Appending to the announcement of Saudi Telecom Company on Tadawul on Sunday 21.04.2013 for the interim consolidated financial results for the period ending 31.03.2013, the Company would like to include an additional reason that resulted in the decrease of Net Income for the 1st quarter of 2013 compared to the same quarter last year, which was stated in item (5), to be as follow:

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, and also to the disposal of fixed assets with a net book value of SR 277 million during the 1st quarter which resulted from the fixed assets verification project held by the company, and this is a one-time, non-recurring and non-cash charge.


Tadawul

News

STC selects Ericsson for expansion of 4G network

07/03/2018

Ericsson has been chosen by Saudi Telecom Company (STC) Group for a major nationwide expansion of its 4G network in Saudi Arabia, including the deployment of LTE Advanced and Narrow Band-Internet of

Trade Arabia

Saudi Telecom in Cisco alliance to develop 5G

01/03/2018

Saudi Telecom Company (STC) and Cisco have penned a deal designed to pave the way for collaboration for the development of 5G in KSA. The memorandum of understanding (MoU) was signed at the Mobile Wo

Arab News

Saudi Telecom gets 1.5 bln ringgit Islamic loan

08/01/2018

Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit ($378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks.

Saudi Telecom, the

Reuters

Most Viewed Companies

Ticker Price Volume
ALDREES 144.00 233,498

Valuation

STC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ETIHADETISALAT 50.70 -0.10 (-0.20%)
ZAINKSA 10.82 0.12 (1.12%)
ATHEEBTELECOM 107.40 0.80 (0.75%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap