Abu Dhabi – Mubasher: Sudan Telecommunication (Sudatel) expected to post profits of more than $50 million by the end of 2016, according to a bourse statement.
The company’s profits grew 25.6% year-on-year to $9.22 million in Q3-16.
In the first nine months of 2016, profits rose 7.1% to $27.77 million from $29.88 million in the prior-year period.
The company’s stock stabilised at $0.54 on Tuesday after generating AED 392,870 from the exchange of 726,980 shares.
