Arab News, Saturday, Oct 23, 2021 | Rabi Al-Awwal 16, 1443
'stc' profits hit $2.3 billion in 9 months, an increase of 3.5%
Saudi Arabia: Saudi telecom giant 'stc’ reported a 3.5-percent
increase in its net profit for the first 9 months of 2021, compared to the same
period last year, reaching SR8.7 billion ($2.32 billion).
The company’s net profit in the third quarter alone of 2021 increased by 5.71
percent, reaching SR2.9 billion.
stc attributed the increase during the third quarter of 2021 to the rise in
revenues by and a decrease in operating expenses.