Net Income Increases by 15% Reaching US$ 34M with Earnings per Share Rising to US$ 0.0247
Subscribers increased by 3.7% reaching 11.3 million compared to 2014
Dubai - Sudatel, a leading telecom group operator in Sudan and West Africa, is announcing its financial results for the third quarter of 2015. The Group has generated a consolidated net income of US$ 34 million up 15% compared to the same period last year, with earnings per share rising to US$ 0.024 at an increase of around 7%.
Performance during the nine months period ending September 2015 has been consistent with the positive and recovery trend the company has started witnessing since the beginning of the financial year. Gross profit remained flat at US$115.2M due to increase in savings in operation expenses. Sudatel customer base has also increased by 3.7% reaching roughly 11.3 million subscribers compared to the same period in 2014.
Commenting on the results, Chairman of the Board of Directors of Sudatel Group, Dr. Abdelrahman Dirar said: "We are very happy with the results achieved in the third quarter of 2015 proving that we are in fact in heading in the right direction and achieving solid financial gains for our shareholders and investors."
Sudatel Group CEO, Tarig Hamza Zainelabdin noted, "Sudatel continues to witness healthy growth across the markets in which it operates and we are confident that we will maintain our steady growth pace over the coming period. The company is constantly working on controlling and minimizing its operational costs in order to maximize on net revenues and profits for the company and it shareholders."
Sudatel Group has also recently won the Best African Project award at the Global Carrier Awards, held in Paris earlier this month. The award was in recognition of the pivotal role the company played in advancing infrastructure in a rapidly emerging market. Sudatel participated in this competition for the first time with the project of its Data Center that represents a landmark achievement for an African country and the wider region as a whole.
With its diverse portfolio of subsidiaries ranging from Data Centres to Submarine Cable companies to Local Telecom Operators in Sudan and four West African Markets, including Mauritania, Senegal, Ghana and Guinea Conakry, Sudatel seems destined for a bright future. Sudatel has also recently elected a new board during this year's assembly for a period of three years.
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About Sudatel Telecom Group (STG):
STG is one of the leading telecom companies in the region serving the needs of customers in Sudan and Africa covering mobile, fixed, Internet and broadband services. Since its foundation on 13th September 1993, STG has steadily progressed from local to regional markets. STG offers various telecom services and preserves its competitive edge with other companies. STG's main services include provision of mobile services, fixed-line services, as well as carrier and wholesales services. STG provides services in 2G, 3G, and NGN technology levels. Sudatel contributes 13% in the submarine cable "EASSY" and owns 50% of SAS1 and SAS2. These are huge projects for transmission linkage between Port Sudan and Jeddah, providing broadband services as well. Sudatel is also linked with Ethiopia and Egypt via the fiber optic. Sudatel possesses 12% of the continental cable ACE that links the Western coast countries extending from Cape Town to France passing through 23 countries.
For more information, please contact:
Fekra Communications
Mohammed El Batta
T: +971 4 4317178 | F: +971 4 4317283 | M: +971 55 5542678
E: mohammed.elbatta@fekracomms.com | www.fekracomms.com
© Press Release 2015
