Thursday, 08 December 2016

Saudi Telecom reports net profit hike

By Mary Lennighan, Total Telecom
Tuesday 21 January 14

Change in accounting method for Indian investment boosts Saudi telco's bottom line.

Saudi Telecom posted a 37% increase in net profit in 2013 on the back of growth in operating profits and a change in the way it accounts for its investment in Indian mobile operator Aircel. The telco reported net profit of 9.99 billion riyals (&euro…

Saudi Telecom posted a 37% increase in net profit in 2013 on the back of growth in operating profits and a change in the way it accounts for its investment in Indian mobile operator Aircel. The telco reported net profit of 9.99 billion riyals (&euro…

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