Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions by stc) achieved net profits after Zakat and tax worth SAR 257 million during the third quarter (Q3) of 2021, up by 7% from SAR 240 million in Q3-20.
Revenues inched up 0.4% to SAR 1.95 billion in Q3-21, compared to SAR 1.94 billion in Q3-20, according to the financial results on Tuesday.
On a quarterly basis, the Q3-21 net profits were 0.39% higher than SAR 256 million in Q2-21 and the revenues went up 0.7% from SAR 1.93 billion.
As for the nine-month period that ended in September, the company recorded 14% higher profits to SAR 718 million from SAR 628 million in the first nine months of 2020.
Revenues also increased by 11.9% to SAR 5.75 billion during January-September 2021 period, compared to SAR 5.14 billon in the same period last year.
