Welcome Visitor | Sign in
Reference price of Syriatel share is SYP 7488.63
Syriatel announces its consolidated financial results for the 9 months ending 30 September 2012
Publish Date: 31/10/2012

Syriatel announces its consolidated financial results for the 9 months ending 30 September 2012. The data showed an improvement in the results of the company compared to the previous year.

The net revenue of the company in Q3 2012 reached 14 billion Syrian pounds, and in turn the net profit for the period increased about 29% compared with the same period of 2011 to reaching 2.73 billion Syrian pounds.
The earning per share soared to SYP 20.38 compared to SYP 11.54 for the same period of the previous year.
 
As for the first nine months of 2012, the net revenue exceeded 42.73 billion Syrian pounds passing revenues of the same period of 2011 by more than two billion Syrian pounds. The STE share with the STE interconnect expenses reached more than 23.7 billion Syrian pounds representing 55.52% of net revenue, in addition to the income tax expense which exceeded 1.5 billion Syrian pounds.
 
Period data showed a rise in the net profits to reach 8.5 billion Syrian pounds representing growth of 29%,
and the earning per share reached SYP 64.08 compared to SYP 49.36 for the same period of 2011.
 
It is worth mentioning that on 30 September 2012, the total assets of the company exceeded 49.25 billion Syrian pounds as shareholders equity stood at about 29 billion Syrian pounds,
and the share book value reached SYP 216.49. Syriatel shareholders come to 6641 shareholders by end of the period.

 
 
Compared primarily results
Current period
Previous year data
%Change
Total Asset
49,255,141,600
45,892,623,023
7.33%
Owners equity
29,009,746,933
25,783,389,866
12.51%
 
Three Months (third quarter)
9 Months
Same period of (2011)
 
third quarter
9 Months
 
Net revenue
14,003,004,640
42,736,139,527
14,612,022,047
40,444,782,751
5.67%
Net Income before tax
3,227,620,499
10,088,928,900
1,976,945,163
7,857,286,618
28.40%
Income tax expense
 (496,290,240)
 (1,502,082,326)
  (430,369,029)   (1,243,521,777)
 20.79%
Non-controlling interest
4,836
17,541
473
(89,305)
 
Net income
2,731,330,259
8,586,846,574
1,546,576,029
6,613,764,841
29.83%
** Earning per share
20,38
64,08
11.54
49.36
29.83%
 
**Earning per share has been calculated in the data by dividing net income by the number of shares (134 million shares) after the capital increased on August 8, 2011
To have a look on the financial statement and report of external auditor, please visit our financial statement section; or you can visit SCFMS website on www.scfms.sy