14/02/2018 Argaam Exclusive
The aggregate net profit of Tadawul-listed telecom operators— excluding Etihad Atheeb Telecommunication Co.— stood at SAR 2.42 billion in Q4 2017, 8.3 percent ahead of average analyst forecasts of SAR 2.24 billion, data compiled by Argaam showed.
Saudi Telecom Co.’s (STC) Q4 net profit of SAR 2.7 billion topped average estimates by 11 percent.
Etihad Etisalat Co. (Mobily) incurred net losses of SAR 181.7 million, 9 percent higher than the average expectations of SAR 166.7 million in the same period.
Mobile Telecommunications Co. (Zain Saudi) missed consensus’ estimates for SAR 10.2 million net profit, incurring net losses of SAR 45 million in the fourth quarter of 2017.
| Company | 2017 - Q4 (a) | 2017 - Q4 (e) | Change |
| STC | 2,554.98 | 2,392.15 | 6.8 % |
| ETIHAD ETISALAT | (181.72) | (166.72) | (9.0 %) |
| ZAIN KSA | (45.02) | 10.24 | (539.7 %) |
| Total | 2328.24 | 2235.67 | 4.1 % |
| Company | 2017 - Q4 (a) | 2017 - Q4 (e) | Most Accurate Research Company |
| STC | 2,554.98 | 2,520.00 | SNB Capital |
| ETIHAD ETISALAT | (181.72) | (182.00) | Sico |
| ZAIN KSA | (45.02) | 2.00 | Riyad Capital |
| TASI | 12,259.60 | 42.55 | 0.35 % |
| STC | 38.10 | (0.25) | (0.65%) |
| ETIHAD ETISALAT | 52.80 | 0.10 | 0.19% |
| ZAIN KSA | 11.82 | (0.08) | (0.67%) |
| ATHEEB TELECOM | 119.00 | (2.20) | (1.82%) |
| SOLUTIONS | 331.60 | (3.20) | (0.97%) |
| ARAB SEA | 7.56 | (0.06) | (0.79%) |
| MIS | 169.80 | (0.60) | (0.36%) |
| ELM | 874.00 | 0.80 | 0.09% |
| 2P | 32.90 | 0.35 | 1.08% |
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