Sudatel, a leading telecom group operator in Sudan and West Africa, is announcing its end of year financial results with a positive increase in its net profits for the fiscal year 2015. The Group witnessed positive growth across all financial indicators achieving US$ 52 Million in net profits, an increase of 4% compared to the previous year as well as earnings per share going up 10%.
The announcement was made during the first Board of Directors meeting chaired by Dr. Abdul Rahman Dirar, Chairman of Board of Directors, which took place this year with participation of all members from both inside and outside of Sudan.
The board meeting’s agenda included reviewing the Group’s financial performance and the external audit reports for the fiscal year 2015. The Board also ratified the financial results report and the final accounts audited by the General Auditor Office in Sudan and by independent auditor firm “International Accounts” based in Saudi Arabia, as well as reports by Ernst & Young who are responsible for auditing the Group’s companies in West Africa.
The Board of Directors also adopted the invitation of the General Assembly to convene on the 30th of April 2016 to approve the final accounts for the Group and distribute cash dividends to shareholders.
Commenting on these results, Dr. Abdul Rahman Dirar, has praised the Group’s remarkable financial results, which showed a financial improvement in all areas and which confirms the continuous growth of Sudatel Group’s activities for the second year in a row.
Eng. Tarig Hamza Zainelabdin, Sudatle’s CEO, has expressed his satisfaction with the results achieved over the past year and which have been authorized by the Council. He also stressed that the Group is moving steadily towards achieving the strategic objectives set by the Group and that was approved by the Board of Directors late last year. Zainelabdin also praised the performance of all employees working in the Group’s companies and stressing on the pivotal role they play and for their contribution to the development of the telecommunications sector in all the countries in which the Group operates.
Source: Sudatel