stc Q3 2022 positive results driven by integrated strategy, investments: CEO

27/10/2022 Argaam
CEO of stc Olayan Al Wetaid

CEO of stc Olayan Al Wetaid

Saudi telecom operator stc reported positive financial results in Q3 2022, due to commitment to an integrated strategy and multi-sector investments, CEO Olayan Al Wetaid said in a statement.

 

This reflected significantly on profit growth and helped achieve sustainable yields for shareholders, Al Wetaid indicated.

 

In Q3 2022, stc reported 21% profit growth year-on-year (YoY) to SAR 3.541 billion, Argaam earlier reported.

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