STC first half revenue increases 6.6% to SAR 26.3 bln

STC first half revenue increases 6.6% to SAR 26.3 bln

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STC net profit

STC published 6.6% increased in its revenue to SAR 26.34 billion in the 1H16.Revenues from domestic operations increased 5 percent as compare to the same period last year, and revenues from the controlled international subsidiaries increased 3.1 percent.Operating profit reached SAR 5.60 billion, a loss of 11.7 percent. The operator will distribute SAR 1 per share in dividends for the period.
For the Q2, net profit reached SAR 1.9 billion, with revenue growth of 11 percent compared to the prior year. Fixed broadband customers increased 9 percent compared to 2015, and the FTTH customer base increased 35 percent year-on-year and 5 percent compared to the prior quarter. Enterprise business unit revenues rose 17 percent in Q2 compared to the same period last year.