STC Group announced its initial financial results for the period ending September 30, 2022 AD, indicating that the revenues increased during the third quarter of the year 2022 AD by 4. 66% compared to the same quarter of the previous year to reach 16,468 million riyals, and revenues increased by 6. 48% to reach 50,398 million riyals .
In a statement released today, the group said that the total earnings for the third quarter rose by 19.
The operating profit climbed by 43. 36% during the third quarter, while the overall profit increased by 12. 21% to 28,365 million riyals, a 97% increase over the same quarter last year. Operating profit increased by 22. 13% to 12,120 million riyals when compared to the same quarter a year prior, or 4,576 million riyals.
STC reported that profit before consumption, firefighting, benefits, zakat, and taxes (EBITDA) increased during the third quarter of 2022 AD by 26. 17% compared to the same quarter the previous year to 7,073 million riyals. profit before consumption, firefighting, benefits, zakat, and taxes (Ebitda) reached 19,577 million SAR, an increase of 14. 67%. and the third quarter’s net profit increased by 21.
10% more than the same quarter the year prior to reach 3,541 million riyals, while the net profit increased by 8 to 9,413 million riyals. In the first nine months of 2022 AD, 22%.
STC stated that it will disperse 1,996 in cash gains. stockholders will receive 0.15 billion riyals, or 15 million riyals, for the third quarter of 2022 AD.
It is advantageous that the total amount of treasury shares, which were allotted to the employee incentive stock programme and reached 9,629,357 shares as of the third quarter of 2022 AD, is not due to profits.
During the third quarter, STC’s operational profit climbed by 22.13%.
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