A crushed bottom line
In 9M 2015, STC recorded an impressive 9.7% increase in revenues at SAR37.590bn, with strong revenues growth from, both, domestic operations and controlled international subsidiaries (mainly Bahrain and Kuwait), (+9.6% and 8.5%, yoy, respectively). STC continues with the deployment of the fiber optic technology for both business and residential networks. Q3 2015 “FTTH†customers increased by 21%, yoy, domestically. Q3 2015 Enterprise business unit's overall revenues increased by approximately 14%, yoy, driven mainly by the 19% increase in the Business sector's data services revenues.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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