Welcome Visitor | Sign in
Syriatel Discloses its financial statements for the third quarter and the nine months ended on 30 September 2016
Publish Date: 12/12/2016
 
Syriatel Mobile Telecom had published its financial statements for the third quarter and the first nine months of 2016 ended on 30 September 2016
 
Syriatel achieved a notable growth in revenues as they overcame 93.37 billion SYP during the first nine months of 2016, the growth was by 36.31% in comparison with the same period of 2015, and more than 30.39 billion SYP were deducted from them for the account of the State general treasury which represent the Syrian Government share of revenue, the interconnect costs with the Syrian Telecom Company, and SyTRA wages.
 
The net revenue attributable to shareholders decreased during the first nine months of 2016 by 24.82% (after adding the refunds of previous years, and deducting the tax income) to reach 16.24 billion SYP, and thus the basic dividend for each share from the net revenue attributable to the company’s shareholders is 484.74 SYP with a decrease of 160.07 SYP in comparison with the same period of 2015.
 
The total of shareholders shares was 57.37 billion SYP on 30/09/2016 with a growth by 2.03%, and thus the share's book value reached 1,712.4 SYP.
 
The summary of interim results is as follows:
 
 
Initial Results
(For Comparison)
Statements of the Current Period
Statements of the Previous Period
 
 
Change %
 
 
Total Assets
117,700,384,277
93,883,705,416
25.37%
Shareholders’ Equity
57,366,760,807
56,227,504,912
2.03%
 
The three months ended on 30 Sep. 2016
The nine months ended on 30 Sep. 2016
The three months ended on 30 Sep. 2015
The nine months ended on 30 Sep. 2015
 
 
 
Net Revenue
37,228,920,373
93,367,350,199
25,806,115,042
67,021,579,238
39.31%
(Loss) Profit before refund of provisions from previous years
9,238,016,370
20,062,875,150

4,145,511,638

7,637,036,533

162.70%
Profit Before Tax
9,238,016,370
20,062,875,150
4,546,504,777
23,806,071,596
(15.72)%
Income Tax
(874,164,708)
(3,823,940,511)
(863,833,433)
(2,204,828,183)
73.43%
Net profit attributable to company’s shareholders
3,682,668,156
21,601,233,583
3,677,707,212
10,473,936,708
(24.82)%
Minority’s Equity from Net Profit
6,616
16,615
3,188
9,830
69.02%
Net Change of Cash Flow Hedge
(1,575,875,211)
(5,552,162,129)
320,064,222
1,095,485,202
(606.82)%
Total Income of the Period
6,787,976,451
10,686,772,510
4,002,735,566
22,696,728,615
(52.91)%
Basic Dividend for each share from the net profit attributable to company’s shareholders
249.67
484.74
109.93
644.81
(24.82)%
Basic dividend per share from net profits attributable to company's shareholders after excluding the profits resulted from the unrealized currency translation income
277.90
471.40
90.08
594.67
(20.73)%