1.Net Income for Q3 2011 amounted to SR 1,224 million, as compared to SR 1,138 million for the same period last year, with a growth of 8%, and a growth of 5% over Q2 2011 results of SR 1,164 million.
2.Gross profit for Q3 2011 amounted to SR 2,472 million, as compared to SR 2,310 million for the same period last year, with a growth of 7%.
3.Operating income for Q3 2011 amounted to SR 1,274 million, as compared to SR 1,187 million for the same period last year, with a growth of 7%.
4.Net Income for the nine months period amounted to SR 3,386 million, as compared to SR 2,753 million for the same period last year, with a growth of 23%.
5.Earnings per share (EPS) for the nine months period amounted to SR 4.84, as compared to SR 3.93 for the same period last year.
6.Gross profit for the nine months period amounted to SR 7,239 million, as compared to SR 6,211 million for the same period last year, with a growth of 17%.
7.Operating income for the nine months period amounted to SR 3,551 million, as compared to SR 2,890 million for the same period last year, with a growth of 23%.
8.Revenues of the third quarter 2011 amounted to SR 4,640 million compared to SR 3,989 million for the same quarter last year, an increase of 16%; and compared to SR 5,127 million for the second quarter of this year, a decrease of 9% as the Company reduced its sales of low-margin smart phones in the third quarter through its own sales outlets to enhance the EBITDA margin, which increased to 39% for Q3 2011 compared to 34% for Q2 2011. In addition, the Companys sales of (iPhone 4), in particular, declined with the customers anticipation of the new version of the device. On the other hand, data revenues increased by 7% compared to the second quarter of this year, with the number of mobile broadband subscribers exceeding 6.3 million by the end of the third quarter of 2011. Despite the increasing competition in data services and international calls, the net profit for Q3 2011 amounted to SR 1,224 million as a result of the improved operational efficiencies.
Engineer Abdulaziz Saleh Alsaghyir, Chairman of the Board, said that the continued growth in EBITDA would enhance the Company's ability to increase dividends distribution in the future.
(continued)
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.