The Saudi Telecom Company (STC) announced today, Thursday, that it will stop reporting interim consolidated financial results for the fourth quarter periods and will only announce annual consolidated financial results.
The company said in a statement on “Saudi Tadawul” that this decision is in in line with the company’s efforts to apply international practices in disclosure of financial results.
STC expects to announce the company’s consolidated annual financial results for 2021 on February 22, 2022.
STC had announced an increase in its net profit after zakat and taxes of 3.09% in 2020, to reach 10.99 billion riyals, up from 10.66 billion riyals in 2019.
Read More About: Business News