Sudatel announces US$52m net profits for 2015

Sudatel Telecom Group has announced net profits for the 2015 fiscal year of US$52 million, with the operator saying it is “satisfied” with its performance over the year.

Announced at this year’s first meeting of the Board of Directors, Sudatel saw a four per cent rise in net profits over the 2015 financial year as compared to the year before; while earnings per share also grew by 10 per cent.

The results showed improvements across all areas, with the company saying the results confirm the continuing growth of Sudatel for the second consecutive year.

Dr. Abdulrahman Dirar, chairman of the board, praised the Group’s financial results as “remarkable”; while Engineer Tarig Hamza Zainelabdin, chief executive officer (CEO) of the Group said he was “satisfied” with the company’s performance for the year.

The financial results report and the final accounts were audited by the General Auditor Office in Sudan and by independent auditor firm “International Accountants” based in Saudi Arabia, as well as by Ernst & Young which is responsible for auditing the Group’s companies in West Africa.

Launched in 1993, the Sudatel Group currently serves more than 11.3 million subscribers, and has a diverse portfolio of subsidiaries ranging from data centres, submarine cable companies to local telecom operators in Sudan, Mauritania, Senegal, Ghana and Guinea Conakry.

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.