Riyadh – Saudi Telecom Company (stc) registered an annual growth of 2.4% in net profits after Zakat and tax to SAR 5.77 billion in the first half (H1) of 2021 from SAR 5.63 billion in H1-20.

Earnings per share stood at SAR 2.89 in H1-21, compared to SAR 2.82 in H1-20, according to the financial results to Tadawul on Monday.

Revenues soared by 9.4% to SAR 31.59 billion in the January-June 2021 period, from SAR 28.85 billion in the same period a year ago.

In the second quarter (Q2) of 2021, stc achieved a 3.56% growth in net profits to SAR 2.82 billion from SAR 2.72 billion in Q2-20.

Revenues rose by 6.5% annually to SAR 15.89 billion in Q2-21 from SAR 14.92 billion in Q2-20.

On a quarterly basis, the telecom operator’s net profits were lower by 4.4% than SAR 2.95 billion in Q1-20. Meanwhile, the revenues were higher by 1.2% than SAR 15.69 billion.

In a separate disclosure to Tadawul, stc announced a cash dividend of SAR 1 per share, representing 10% of the share’s par value, for Q2-21.

The company will pay a total of SAR 2 billion worth of dividends for 2 billion shares eligible for distribution.

stc will pay the dividends on 26 August to the shareholders of record date equivalent to 5 August.

It is worth noting that the listed company announced dividends’ payout worth SAR 2 billion for Q1-21

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.