Q1 2017: A mixed bag of results
In Q1 2017, STC recorded a decrease by 3% in revenues at SAR12.829bn. STC KSA and Sale Co. witnessed decreasing revenues (-4.3%) at SAR11.484bn. Similarly, revenues coming from Viva Kuwait, Viva Bahrain, Intigral, Bravo and STC Solutions were cut by 3.9% at SAR1.976bn. Note in this sense that, for the Q1 2016 period, revenues coming from these subsidiaries (Viva Kuwait, Viva Bahrain, Intigral, Bravo and STC Solutions) stood at SAR1.976bn of which 65.7% were captured by the international subsidiaries (Viva Kuwait, Viva Bahrain and Intigral Holding Company).
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