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Sudatel\ s profit up 31% to $43 million.

Sudatel Telecom Group has achieved a profit of $43 million in 2011 wth an increase of 31% from 2010.

The telco's board met at Sudatel Tower in Khartoum to discuss the final accounts of the group, ending December 31 2011. The meeting approved the audited statement and recommended the distribution of $0.05 per share for the total of 1,081,637,634 group shares.

The net profit of the group was up from $32 million in 2010, resulting in a 31% increase year-on-year. The board of directors have waived its annual rewards for 2011 and commended the performance of the executive administration and the employees of the group.

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Publication:CommsMEA
Article Type:Financial report
Date:Apr 5, 2012
Words:125
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