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Reference price of Syriatel share is SYP 7188.63
Syriatel Discloses its financial statements for the third quarter and the nine months ended on 30 September 2017
Publish Date: 23/11/2017

 

Syriatel Mobile Telecom had published its financial statements for the third quarter and the first nine months of 2017 ended on 30 September 2017

Syriatel achieved a notable growth in revenues as they overcame 121.4 billion SYP during the first nine months of 2017, the growth was by 30.02% in comparison with the same period of 2016, and more than 39.54 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 Syriatel yearly participations.

The net revenue attributable to shareholders increased during the first nine months of 2017 by 49.89% to reach 24.34 billion SYP, and thus the basic dividend for each share from the net revenue attributable to the company’s shareholders is 726.58 SYP with an increase of 241.84 SYP in comparison with the same period of 2016.

The total of shareholders shares was 74.88 billion SYP on 30/09/2017 with a growth by 13.54% in comparison with the end of 2016, and thus the share's book value reached 2235.31 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

149,817,244,925

128,217,737,459

16.58%

Shareholders’ Equity

74,882,723,113

65,952,457,497

13.54%

 

The three months ended on 30 Sep. 2017

The nine months ended on 30 Sep. 2017

The three months ended on 30 Sep. 2016

The nine months ended on 30 Sep. 2016

 

Net Revenue **

45,047,607,066

121,400,785,579

37,228,920,373

93,367,350,199

30.02%

Profit Before Tax

11,567,284,263

29,549,676,453

9,238,016,370

20,062,875,150

47.29%

Income Tax

(2,111,793,025)

)5,209,380,476)

(874,164,708)

(3,823,940,511)

36.23%

Net profit attributable to company’s shareholders

9,455,476,160

24,340,265,616

8,363,845,046

16,238,918,024

49.89%

Minority’s Equity from Net Profit

15,078

30,361

6,616

16,615

82.73%

Net Change of Cash Flow Hedge

-

-

(1,575,875,221)

(5,552,162,129)

 

Total Income of the Period ***

9,455,491,238

24,340,295,977

6,787,976,451

10,686,772,510

127.76%

Basic Dividend for each share from the net profit attributable to company’s shareholders ****

282.25

726.58

249.67

484.74

49.89%

Basic dividend per share from net profits attributable to company's shareholders after excluding the profits resulted from the unrealized currency translation income

283.69

724.92

277.90

471.40

53.78%