Saudi Telecom Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:02 pm EST
Saudi Telecom Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 18,106 million compared to SAR 16,307.74 million a year ago. Net income was SAR 4,904.02 million compared to SAR 3,541 million a year ago. Basic earnings per share from continuing operations was SAR 0.98 compared to SAR 0.71 a year ago. Diluted earnings per share from continuing operations was SAR 0.98 compared to SAR 0.7 a year ago.
For the nine months, sales was SAR 54,612.3 million compared to SAR 50,057.06 million a year ago. Net income was SAR 11,021.14 million compared to SAR 9,413.44 million a year ago. Basic earnings per share from continuing operations was SAR 2.21 compared to SAR 1.89 a year ago. Diluted earnings per share from continuing operations was SAR 2.2 compared to SAR 1.88 a year ago.