STC profit up 54 percent in Q1

25 Apr 2014

(MENAFN) Net profit of Saudi Telecom Co, or STC, boosted by 54 percent in the first quarter of the current year after selling some assets, according to Khaleej Times.

The company’s net profit was estimated at USD637.3 million in the same quarter compared to USD413 million during the same quarter 2013.

Analysts expect the Saudi company to post USD719 million quarterly profit.

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