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Syriatel Discloses its Interim Consolidated Financial Statements for the first half of 2014
Home > Syriatel Discloses its Interim Consolidated Financial Statements for the first half of 2014
Publish Date: 17/11/2014
Syriatel had announced its interim consolidated financial statements for the period ended on 30/06/2014 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 2014 by about 30% compared to the same period of 2013. Revenues overcame 34.1 billion SYP, and 56% of them were deducted (more than 19 billion SYP) for the account of the State general treasury which consists of 16.2 billion SYP and they represent the Syrian Telecom Company share of revenue, the interconnect costs (1.59 billion SYP), and the income tax (more than 1.26 billion SYP).
The second quarter revenues reached about 17.9 billion SYP with a rise of 31.58% compared to the second quarter of 2013.
 
Initial Results (For Comparison)
Statements of the Current Period
Statements of the Previous Period
Change %
Total Assets
 70,468,088,304 70,468,088,304 4.92%
Shareholders’ Equity
 36,582,249,260 36,582,249,260 0.08%
 
Second Quarter
First Half
Second Quarter 
First Half
 
 
 
Net Revenue
 17,908,006,874 34,172,588,678 13,610,445,831 26,288,673,502 29.99%
Net Profit (Loss) before tax
4,081,198,126 8,054,377,101 (2,048,142,625) (311,092,961) -
Income Tax (658,531,189) (1,258,134,012) (451,480,022)
 (785,700,103)
 60.13%
Minority’s Equity from Profit/ Loss
 11,533 13,593 2,085 4,682 190.32%
Net Profit (Loss) attributable to company’s shareholders
 3,422,655,404 6,796,229,496 (2,499,624,732) (1,096,797,746) -
Earnings per Share
102.17 202.87 (74.62) (32.74) -
Net Change of Cash Flow Hedge (Other income components)
 (591,630,536) (736,505,945) 14,125,218,294 15,265,276,733 -
Total Income of the Period
 2,831,036,401 6,059,737,144 11,625,595,647 14,168,483,669 -
 
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
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