STC 2Q16 earnings miss mostly on non-operating items and weak margins; dividend remains intact
Revenue – SAR13,576mn, +11% Y-o-Y, +6% Q-o-Q, +9% vs. EFGe EBITDA margin – 34.2%, -5.0pp Y-o-Y, -4.7pp Q-o-Q, -4.0pp vs. EFGe Net income – SAR1,865mn, -27% Y-o-Y, -21% Q-o-Q, -19% vs. EFGe Saudi Telecom Company (STC) reported
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