Saudi Telecom Company (STC) has reported a 60% year-on-year increase in net profits in its first quarter to 31 March 2012, to SAR2.52 billion (USD671 million). Consolidated revenues were up 12% at SAR14.68 billion, with the operator claiming growth was witnessed across all of its businesses, with particularly strong performances in the domestic mobile and fixed broadband sectors.
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OVETEL STC reports 60% rise in Q1 net profit
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