Sudatel Telecom Group (SUDATEL)

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News

16 April 2025 09:51 AM Sudatel Telecom’s net profits fall to $18m in 2024

Abu Dhabi – Mubasher: Sudatel Telecom Group recorded lower net profits at $18.25 million in 2024, compared to $21.27 million in 2023. Basic and diluted earnings per share (EPS) attributable to the equityholders dropped to $0.013 from $0.015 a year …

Financial Results

19 May 2024 00:51 PM Sudatel Telecom turns to $26 losses in Q1-24

Abu Dhabi – Mubasher: Sudatel Telecom Group incurred net losses valued at $25.96 million in the first quarter (Q1) of 2024. The negative results were compared with net profits worth $16.97 million in Q1-23, according to consolidated interim …

Financial Results

15 February 2024 02:40 PM Sudatel’s profits shrink in 2023; revenues cross $401m

Abu Dhabi – Mubasher: Sudatel Telecom Group recorded lower net profits at $24.99 million in 2023, compared to $56.85 million in 2022. During the 12-month period that ended on 31 December 2023, the revenues fell year-on-year (YoY) to $401.38 …

Financial Results

15 November 2023 01:04 PM Sudatel turns to losses in 9M-23 financial results

Abu Dhabi – Mubasher: Sudatel Telecom Group turned to net losses valued at $3.36 million in the first nine months (9M) of 2023, against profits of $67.13 million in 9M-22. Total operating revenues jumped year-on-year (YoY) to $319.77 million in …

Financial Results

13 February 2023 02:50 PM Sudatel achieves $76m profits in 2022 initial results

Abu Dhabi – Mubasher: The net profits of Sudatel Telecom Group enlarged to $76.04 million in 2022 from $20.03 million in 2021, according to the preliminary financial results. Revenues widened to $424.43 million in 2022, versus $281.70 million in …

Financial Results

14 November 2022 01:56 PM Sudatel’s profits to equityholders hike to nearly $67m in 9M-22

Abu Dhabi – Mubasher: Sudatel Telecom Group logged net profits attributable to the shareholders worth $66.91 million in the first nine months (9M) of 2022, a leap from $10.39 million in 9M-21. The firm generated $296.04 million in operating …

Financial Results

9 August 2022 06:52 PM Sudatel turns profitable at nearly $33m in H1-22

Abu Dhabi – Mubasher: Sudatel Telecom Group posted net profits attributable to the equityholders worth $32.61 million during the first half (H1) of 2022, versus net losses of $8.70 million in H1-21. The revenues amounted to $188.22 million in the …

Financial Results

31 March 2022 09:41 AM Sudatel turns to profitability in 2021

Abu Dhabi – Mubasher: Sudatel Telecom Group has achieved net profits attributable to the equity holders of $20.21 million in 2021, versus net losses of $12.03 million in the earlier year, as shown by the company's consolidated financials for the …

Financial Results

29 August 2021 03:40 PM Sudatel's OGM approves 1% bonus share distribution

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Sudatel Telecom Group has approved bonus share distribution, representing 1% of the capital, for the fiscal year 2020. The bonus share distribution stands at a share for every 100 shares, …

General Assembly

14 April 2021 00:54 PM Telecom Egypt, Sudatel ink MoU to enhance international connectivity

Cairo – Mubasher: Telecom Egypt and Sudatel Telecom Group (STG) signed a memorandum of understanding (MoU) to enhance cooperation in international connectivity between Egypt and Sudan. The MoU aims to develop and make the best use of the network …

Corporate Actions

12 October 2020 01:22 PM Sudatel's board recommends 4% bonus shares for 2019

Abu Dhabi – Mubasher: The board of Sudatel Telecom Group has recommended distributing bonus shares, equivalent to 4% of the capital, at four shares for every 100 shares for 2019. The board also considered raising the capital of the company to …

Board of Directors

14 November 2019 03:54 PM Sudatel turns to $4.5m loss in Q3

Abu Dhabi – Mubasher: Sudatel Telecom Group on Thursday announced a loss attributed to the equityholders of the parent worth $4.474 million in the third quarter ended 30 September 2019, against a profit of $2.902 million in the corresponding …

Financial Results

30 June 2019 05:03 PM Sudatel to pay 4% of capital as FY18 bonus

Abu Dhabi – Mubasher: The shareholders of Sudatel Telecom Group approved, during the ordinary general meeting (OGM) held on 27 June, to distribute 4% of the company’s capital as bonus shares for fiscal year 2018. Sudatel, listed on the Abu Dhabi …

General Assembly

9 July 2018 05:45 PM More ADX-listed firms confirm no Abraaj ties

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) and Waha Capital were among a host of companies that disclosed no ties to The Abraaj Group, its funds or its subsidiaries, on Monday. Other companies listed on the Abu Dhabi Securities Exchange …

Law

18 October 2017 06:27 PM Oman cancels 3rd mobile licence bid, names local operator

Riyadh – Mubasher: The Omani Telecommunications Regulatory Authority (TRA) on Wednesday announced the cancellation of a bid for the third  mobile phone network licence, for which the Saudi Telecom Company (STC) had submitted an offer.   The TRA …

General News

8 October 2017 11:46 AM Sudatel hits 6M high Sunday on lifted sanctions

Abu Dhabi – Mubasher: The stock of Sudan Telecommunication Company “Sudatel”, the main telecommunications operator in Sudan, topped the Abu Dhabi Securities Exchange’s (ADX) gainers on Sunday by 11:40 am UAE time, after most of the sanctions …

Trading Activities

16 May 2017 08:09 AM Sudatel Q1 profits jump 99.2%

Abu Dhabi – Mubasher: Sudatel recorded a surge of 99.2% in profits during the first quarter of 2017 when compared to the same period a year ago. The earnings increased to $10.54 million in Q1-17 from $5.29 million in Q1-16, according to a bourse …

Financial Results

3 January 2017 02:15 PM Sudatel likely to post annual profits over $50m

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 …

Financial Results

15 November 2016 08:43 AM SudateL Q3 profits higher 26%

Mubasher: Sudan Telecommunication (Sudatel) earned $9.22 million in the third quarter of 2016, higher 25.6% year-on-year from $7.34 million, according to a bourse filing on Tuesday. Net profits for the first nine months declined 7.1% to $27.77 …

Financial Results

13 October 2016 04:50 PM Sudatel signs agreement with Telecom Egypt

Cairo – Mubasher: Telecom Egypt, the country's state-owned landline monopoly, said it signed an agreement with Sudanese Telecom Company (Sudatel) to increase the efficiency of the landline networks between Egypt and Sudan. Boosting the efficiency …

International Agreements

16 August 2015 10:04 AM Sudatel H1 profits fall 16.5% to $22.5m

  Abu Dhabi – Mubasher: Sudan Telecommunications Group (STG or Sudatel) reported a net profit of $22.5 million in the first six months of the year, a decline of 16.5% from $27 million in the same period last year, according to a statement on …

Financial Results

1 June 2015 08:54 AM Sudatel shareholders OK cash, stock dividends

Abu Dhabi – Mubasher: Shareholders at Sudan Telecom Group (STG or Sudatel) approved cash dividends on Sunday representing 1% of capital and totalling $11.8 million, the company said in a filing to the Abu Dhabi Securities Exchange …

Corporate Actions

12 May 2015 02:15 PM Sudatel plans capital hike, mulls Egypt, Bahrain listing – CEO interview

 By: Ramy SameehAbu Dhabi – Mubasher: Sudatel is planning to raise its capital through a rights issue to shareholders by the end of 2015 or early 2016 at the latest, said Tarig Hamza, CEO of Sudan Telecom Group (STG).“We have completed five …

Company News