Abu Dhabi – Sudatel Telecom Group has reported a decrease in net profits for 2024, with figures reaching $18.25 million, down from $21.27 million in 2023.
Basic and diluted earnings per share (EPS) attributable to equity holders also fell to $0.013 from $0.015 in the previous year.
The company’s operating revenues for 2024 amounted to $381.68 million, compared to $400.19 million in 2023, reflecting a decline in its financial performance.
Additionally, Sudatel’s total assets were valued at $758.79 million by the end of December 2024, showing a decrease from $1.10 billion in 2023.
