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STC Group profits boost growth
The financial results of the stc Group show a 6.3% increase in profits during the first half of this year, supported by higher operating revenues and improved performance efficiency across its various sectors. The group's total revenue reached 40.11 billion riyals, marking a 3.8% increase, while gross profit rose by 5.3% to reach 19.64 billion riyals. The company also confirmed its ongoing expansion in digital infrastructure investments, including 5G networks and fiber optics, to strengthen its market position, along with a cash dividend of 0.55 riyals per share for the second quarter.
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