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A trader talks on the phone during the opening of the Dubai stock market June 26, 2016. Image for illustrative purpose. Ahmed Jadallah, Reuters
The net profits of Sudatel Telecom Group enlarged to $76.04 million in 2022 from $20.03 million in 2021, according to the preliminary financial results.
Revenues widened to $424.43 million in 2022, versus $281.70 million in the 12-month period that ended on 31 December 2021.
The earnings per share (EPS) stood at $0.05 in the January-December 2022 period, higher than $0.01 a year earlier.
Meanwhile, the company’s total assets plummeted to $1.12 billion last year from $1.21 billion in 2021.
In the first nine months (9M) of 2022, Sudatel generated $66.91 million net profits attributable to the equityholders, compared to $10.39 million during the same period a year earlier.
The operating revenues increased to $296.04 million in 9M-22 from $204.44 million in 9M-21, whereas the basic and diluted EPS attributable to the owners jumped to $0.050 from $0.007.
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