stc reported an annual net profit after Zakat and tax of SAR 10.995 billion for 2020, rising 3% year-on-year (YoY), due to a SAR 4.58 billion increase in revenues.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 54,367.53 | 58,953.32 | 8.4 % |
| Gross Income | 32,391.23 | 33,954.40 | 4.8 % |
| Operating Income | 12,480.39 | 12,731.13 | 2.0 % |
| Net Income | 10,664.67 | 10,994.88 | 3.1 % |
| Average Shares | 5,000.00 | 5,000.00 | - |
| EPS (Riyals) | 2.13 | 2.20 | 3.1 % |
Q4 2020 net profit increased 16% YoY to SAR 2.68 billion, driven by a SAR 1.95 billion rise in revenue, and higher government and access charges.
The telecom operator also cited lower operating expenses and decreased selling and marketing expenses.
On a sequential basis, Q4 2020 net profit dipped 3%.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 13,264.59 | 15,216.80 | 14.7 % |
| Gross Income | 8,359.64 | 8,446.57 | 1.0 % |
| Operating Income | 2,399.82 | 3,205.33 | 33.6 % |
| Net Income | 2,320.71 | 2,592.38 | 11.7 % |
| Average Shares | 5,000.00 | 5,000.00 | - |
| EPS (Riyals) | 0.46 | 0.52 | 11.7 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 14,881.43 | 15,216.80 | 2.3 % |
| Gross Income | 8,970.96 | 8,446.57 | (5.8 %) |
| Operating Income | 3,459.60 | 3,205.33 | (7.3 %) |
| Net Income | 2,765.54 | 2,592.38 | (6.3 %) |
| Average Shares | 5,000.00 | 5,000.00 | - |
| EPS (Riyals) | 0.55 | 0.52 | (6.3 %) |
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