Sudatel Telecom’s net profits fall to $18mln in 2024

Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. Image for illustrative purposes

The company posted operating revenues amounting to $381.68mln at the end of December 2024

Staff Writer, Mubasher

April 16, 2025

PHOTO
Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. Image for illustrative purposes

Abu Dhabi – Sudatel Telecom Group recorded lower net profits at $18.25 million in 2024, compared to $21.27 million in 2023.

Basic and diluted earnings per share (EPS) attributable to the equityholders dropped to $0.013 from $0.015 a year earlier, according to the income results.

The company posted operating revenues amounting to $381.68 million at the end of December 2024, versus $400.19 million in 2023.

Total assets hit $758.79 million in 2024, an annual decline from $1.10 billion.

Source: Mubasher

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