0
Wireless

STC Q1 net profit up 5.4% to SAR 2.5 bln

Friday 5 May 2017 | 10:39 CET | News
Saudi operator STC's net profit for the first three months to 31 March rose by 5.4 percent to SAR 2.5 billon compared to the same period in 2016. Earnings per share grew to SAR 1.26 compared to SAR 1.20 in 2016. STC will distribute SAR 2.00 billion in cash dividend or SAR 1 per share, in line with the approved dividend policy for three years starting from Q4 2015, which was announced on 11 November 2015 and ratified at the AGM on 04 April 2016.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: STC
Countries: Saudi Arabia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

STC FY net profit up 14.3% thanks to cost reductions

Published 26 Jan 2018 10:54 CET | Saudi Arabia
Saudi operator STC reported its net profit increased by 14.3 percent to SAR 10.17 billion in 2017, driven by improved operational ...

STC net profit up 8% to SAR 2.4 bln in Q2

Published 26 Jul 2017 16:38 CET | Saudi Arabia
Saudi operator STC Group's net profit increased 7.9 percent to SAR 2.4 billion in the second quarter. STC will distribute a total ...

STC signs deal to transform Qassim into smart telecom region

Published 24 Jul 2017 11:09 CET | Saudi Arabia
Saudi operator, STC has signed an agreement with the governorate of Qassim for the smart technical transformation of the region. ...

Saudi Telecom signs fibre deal with govt for housing

Published 08 May 2017 13:58 CET | Saudi Arabia
Saudi operator STC has signed an agreement with the government of Saudi Arabia to provide high-speed fibre optic broadband ...

STC submits bid for third mobile phone licence in Oman

Published 03 May 2017 09:48 CET | Oman
Saudi operator STC has formally submitted a bid for the third mobile telecom licence in Oman in accordance with the ...

STC deploys MIMO technology in partnership with Huawei.

Published 30 Mar 2017 14:33 CET | Saudi Arabia
Saudi operator STC has announced successfully tested massive multiple-input and multiple-output (MIMO) technology on its existing ...

Comptel, STC team up on Saudi Arabia's 2030 Vision

Published 29 Mar 2017 14:07 CET | Saudi Arabia
Comptel has announced a joint initiative with Saudi Arabia-based ICT operator STC to help Saudi Arabia (KSA) capitalise on the ...

STC, Net Insight roll out live HD TV broadcast network

Published 20 Mar 2017 13:59 CET | Saudi Arabia
Net Insight is deploying a nationwide broadcast media network for Saudi Telecommunications Company (STC) in cooperation with its ...





Calendar   /   Industry Events

15 Oct Broadband World Forum 2019
16 Oct Netflix Q3 2019
16 Oct Limelight Networks Q3 2019
16 Oct Dtac Q3 2019
16 Oct Crown Castle Q3
16 Oct Berec stakeholder forum
17 Oct Ericsson Q3 2019, Investors day
17 Oct Elisa Q3 2019
17 Oct Telia Q3 2019
17 Oct Central European Media Q3 2019
17 Oct Tele2 Q3 2019
18 Oct Digi Q3 2019
21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3 2019
22 Oct Calix Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct AT&T Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Netgear Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Annual Customer Service Summit
::: More Calendar Items