STC enjoyed a positive start to 2012 by continuing to deliver strong revenue and profitable growth. For the first quarter, the Company reported a 12% increase in consolidated revenues which reached SR 14,679 million compared to SR 13,076 million in Q1 2011. As a result to the overall enhancement in the operations efficiency, Operating profit for the first quarter increased 19% to reach SR 3,178 million compared to SR 2,669 million for the same period in 2011.
© 2012 Al Bawaba (www.albawaba.com)
Source: http://www.albawaba.com/business/pr/stc-reports-strong-q1-revenues-and-60-net-profit-growth-421585
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