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Syriatel Discloses its Consolidated Financial Statements for the first half of 2015
Publish Date: 13/09/2015

Syriatel had announced its interim consolidated financial statements for the period ended on 30/06/2015 that includes the statements of the second quarter of the same year.
The statements showed an increase in Syriatel revenue during the first half of 2015 by about 20.61% compared to the same period of 2014. Revenues overcame 41.2 billion SYP, and 54.47% of them were deducted (more than 22.5 billion SYP) for the account of the State general treasury which consists of 20 billion SYP and represents the Syrian Telecom Company share of revenue, in addition to deducting the interconnect costs (1.14 billion SYP) and the income tax (more than 1.34 billion SYP).
The net profit attributable to the company’s shareholders reached about 17.9 billion SYP, and the revenue per share reached 504.59 SYP after excluding the profits resulted from the unrealized currency translation income.
By the end of the first half of 2015, the total of shareholders’ shares was about 52 billion SYP, and thus the share's book value reached about 1.551 SYP.
 
Initial Results
(For Comparison)
Statements of the Current Period
Statements of the Previous Period
Change %
Total Assets
81,336,738,904
81,563,391,544
(0.28%)
Shareholders Equity
51,987,113,935
41,165,620,886
26.29%
 
Second Quarter
First Half
Second Quarter
First Half
 
 
 
Net Revenue **
22,579,237,124
41,215,464,196
17,908,006,874
34,172,588,678
20.61%
(Loss) Profit before refunding provisions from pervious years
(352,304,835)
3,491,524,895
4,081,198,126
8,054,377,101
(56.65%)
Profit before Tax
9,938,899,267
19,259,566,819
4,081,198,126
8,054,377,101
139.12%
Income Tax on Profits
(575,029,300)
(1,340,994,750)
(658,531,189)
(1,258,134,012)
6.59%
Net Profit (Loss) attributable to company’s shareholders
9,363,866,480
17,918,565,427
3,422,655,404
6,796,229,496
163.65%
Basic dividend per share from net profits attributable to company's shareholders after excluding the profits resulted from the unrealized currency translation income
262.12
504.59
95.24
191.33
163.73%
 
To review the financial statements and the report of inspector of accounts, please visit the Financial Statements Section
 
You can also find Syriatel's financial statements and the report of inspector of accounts on the Syrian Commission of Financial Markets and Securities' website www.scfms.sy