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Saudi Telecom profit rises 9%
- Saudi Arabia: Monday, January 21 - 2008 at 10:14
Saudi Telecom, the Arab world's largest phone company, said quarterly profit rose for the first time in six quarters, reported Bloomberg. Fourth-quarter net income rose 9.3% to 3.05bn riyals ($813.4m) from 2.79bn riyals in the year- earlier period. The company gave no explanation for the rise.
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Jeff Florian, Senior ReporterMonday, January 21 - 2008 at 10:14 UAE local time (GMT+4)
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