Earnings Report /
Saudi Arabia

STC: Margin expansion offset by higher non-opex

  • Revenues grew 6.5% yoy (-0.3% qoq) to reach SAR16.94bn and came in-line with our estimates of SAR17.17bn

  • Gross profit increased 9.8% yoy (+0.3% qoq) to SAR9.17bn and was in-line with our estimates of SAR9.19bn

  • Maintaining its dividend policy, the company declared an interim dividend of SAR2.0bn (SAR1.0/share) for the Q2 2022

Talha Nazr
SNB Capital
3 August 2022
Published bySNB Capital


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