Saudi Telecom Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Declares Interim Dividend for the for Fourth Quarter of 2012
For the year, the company's revenue from services was SAR 59,371,826,000 compared to SAR 55,662,079,000 a year ago. Operating income was SAR 11,251,775,000 or SAR 5.63 per basic share compared to SAR 11,171,020,000 or SAR 5.59 per basic share a year ago. Net Income before non-controlling interests was SAR 8,022,264,000 compared to SAR 7,891,506,000 a year ago. Net Income was SAR 7,350,366,000 or SAR 3.68 per basic share compared to SAR 7,728,652,000 or SAR 3.86 per basic share a year ago. Net cash provided by operating activities was SAR 12,105,987,000 compared to SAR 16,488,402,000 a year ago. Capital expenditures were SAR 8,788,111,000 compared to SAR 7,837,438,000 a year ago. Intangible assets, net were SAR 970,748,000 compared to SAR 1,329,523,000 a year ago.
The Board of Directors adopted the interim dividends for the fourth quarter of year 2012 amounting to SAR 1,000 million, at the rate of SAR 0.5 per share.