By: Mohamed Idris
Riyadh – Mubasher: Saudi Telecom Company (STC) will postpone its disclosure for the first quarter of 2017, which was scheduled to be announced on Wednesday, a source with knowledge of the matter told Mubasher.
The Saudi Capital Market Authority (CMA) amended the set period for the initial result announcements from 15 to 30 days, so that the period set for the results of the first quarter of 2017 would be prolonged to 11 May.
STC had posted a net profit of SAR 2.15 billion for Q4-16, 10.26% up from SAR 1.95 billion for Q4-15.
Estimates of eight research firms showed that STC's net profits would decrease 6.86% year-on-year.
Translated by: Sara Ghali
