Profits of three Saudi telecom companies hike 8.5% in 2020
Revenues of the three firms stood at $21.6bln, an annual increase of 6.18%
Traders work at the Alistithmar Capital in Riyadh July 8, 2008.
By Staff Writer, Mubasher
Riyadh – Combined profits of Saudi telecom companies listed on the Saudi Stock Exchange (Tadawul) rose by 8.5% during 2020 or SAR 947 million when compared to a year earlier.
The net earnings of three Tadawul-listed telecom operators, whose fiscal years (FYs) end in December every year, came in at SAR 12.133 billion in 2020, compared with SAR 11.186 billion in 2019, according to data collected by Mubasher based on the companies’ earnings releases.
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