By: Mohamed Idris
Riyadh – Mubasher: Saudi Telecom Company (STC) will announce its preliminary results for the third quarter of 2016 on Wednesday, 19 October.
The estimates of ten research firms indicate that STC’s Q3 results will fall 11% year-on-year and are expected to rise 10.79% quarter-on-quarter.
STC’s net profit declined 27% year-on-year to SAR 1.86 billion ($497.3 million) in the second quarter of 2016 from SAR 2.56 billion ($682.1 million).
