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Syriatel Discloses its financial statements for the third quarter and the nine months ended on 30 September 2018
Publish Date: 12/11/2018
Syriatel Mobile Telecom had published its financial statements for the third quarter and the first nine months ended on 30 September 2018
Syriatel achieved a notable growth in revenues as they overcame 137.16 billion SYP during the first nine months of 2018, the growth was by 12.98% in comparison with the same period of 2017, and more than 30.74 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 2018 by 89.34% to reach46.08 billion SYP, and thus the basic dividend for each share from the net revenue attributable to the company’s shareholders is 1,375.73 SYP with an increase of649.15 SYP in comparison with the same period of 2017.
 
The total of shareholders shares was120.42  billion SYP with a growth by 30.18% and thus the share's book value reached 3,594.71 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

174,260,988,371

154,572,689,480

12.74%

Shareholders’ Equity

120,422,881,892

92,506,501,037

30.18%

 

The three months ended on 30 Sep. 2018

The nine months ended on 30 Sep. 2018

The three months ended on 30 Sep. 2017

The nine months ended on 30 Sep. 2017

 

Net Revenue **

49,360,545,294

137,162,212,075

45,047,607,066

121,400,785,579

12.98%

Profit Before Tax

18,051,264,750

54,421,539,353

11,567,284,263

29,549,676,453

84.17%

Income Tax

(3,109,897,750)

(8,334,489,649)

(2,111,793,025)

(5,209,380,476)

59.99%

Net profit attributable to company’s shareholders

14,941,335,972

46,086,984,094

9,455,476,160

24,340,265,616

89.34%

Minority’s Equity from Net Profit

31,028

65,610

15,078

30,361

116.10%

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

446.01

1,375.73

282.25

726.58

89.34%

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

446.23

1,370.27

283.69

724.92

89.02%