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21-01-14

STC profit rises 37 percent in 2013

(MENAFN) Net profit of Saudi Telecom Co. (STC) has boosted by 37 percent in twelve months to the end of December 2013, according to Arab News. The company said that dividends rose to USD0.199 per share in the fourth quarter. Abdulaziz Alsugair, STC Group"s chairman and managing director, said: "Revenues from domestic operations during the year 2013 increased 3.2 percent as a result of growth in revenues from business sector and broadband (fixed and wireless) services."