stc records KD 43.6mn net profi t for 2019 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

stc records KD 43.6mn net profi t for 2019 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Company reports total revenue of KD 293.7mn; customer base reaches 2 million. KUWAIT CITY, Feb 3: Kuwait Telecommunications Company (stc), a subsidiary of stc Group and a world-class digital leader providing innovative services and platforms to customers enabling the digital transformation in Kuwait, announced its financial results for the full year ended on 31 December 2019, reporting a total revenue of KD 293.7 mn, while company's net profit reached KD 43.6 mn.. Commenting on the announcement of these financial results, Eng. Maziad Al Harbi - stc's Chief Executive Officer - stated: "company's financial results for the year ended on 31 December 2019 witnessed a growth, were stc managed to achieve revenues of KD 293.7 mn compared to KD 287.9 mn during the last year, with a percentage growth of 2%.. Stc achieved a net profit of KD 43.6 mn (earnings per share of 87 fils) in 2019 with a profit margin of 15%..