1)Consolidated revenue increased by SR 712m, while cost of services increased by SR 308m, which resulted in the SR 404m increase in Gross profit.

2) The SR 76m increase in Operating Expenses is mainly due to, the SR 261m decrease in the selling and marketing expenses which offset by an increase in general and administration expenses and depreciation and amortization by SR 282m and SR 55m (respectively) .

3) A loss in an amount of SR (291m) for other income and expenses compared to a loss in an amount of SR (107m); mainly due an increase in the cost of early retirement program and finance cost.

4) The SR 48m increase in Zakat and income tax provision.

1) The increase in gross profit by SR 693m due to the increase in consolidated revenue by SR 151m and the decrease in cost of revenues by SR 542m.

2) The SR 358m increase in Operating Expenses; mainly due to the increase in general and administration expenses and depreciation and amortization by SR 245m and SR 120m (respectively).

3) A loss in an amount of SR (291m) for other income and expenses compared to a loss of SR (192m) ; mainly due to an increase in the cost of early retirement program.

4) The SR 29m increase in Zakat and income tax provision.

1 ) The SR 715m increase in consolidated revenue, while the Cost of revenues slightly increased by SR 37m, which resulted in the SR 678m increase in Gross profit.

2) The slight increase in Operating expenses by SR 15m is mainly due to the SR 559m decrease in the Selling and marketing expenses which offset by an increase in General and administration expenses and depreciation and amortization by SR 391m and SR 183m (respectively).

3) A loss in an amount of SR (260m) for other income and expenses compared to a gain of SR 53m is mainly due to the increase in finance cost the decrease in finance income and share of gain from investments in associates and joint ventures.

4) The SR 84m increase in Zakat and income tax provision.

Commenting on the financial results, Eng. Nasser S. Alnasser, CEO of Saudi Telecom Company, stated that the net profit growth in the 9 months period of 2018 compared to the same period last year by 2.9%, the net profit growth in Q3 2018 compared to the same period last year and 2nd quarter 2018 by 2.9% and 8.1% (respectively), was a result of the Company's constant efforts to provide best in class information technology services and the growth witnessed in both Enterprise and Wholesale Business Units.

Eng. Al Nasser emphasized that STC will continue its strategy that aims to expand investment in different domains to diversify its source of income from both core and non-core business related activities. Further, the strategy is in line with the NTP 2020 and Visions 2030, which will enable the public and private sectors achieving their digitization plans. As a result, STC has announced the launch of STC Pay, an investment arm specialized in digital payments and the financial technology services (FINTECH) for individuals and institutes. Digital financial services are one of the new growth paths for STC, especially at this time of rapid change in the telecommunications industry and the digital information revolution, said Eng. Nasser Al Nasser. Adding that STC Pay provides a quality value to the development of Digital Payments services in collaboration with major financial institutions and banks both locally and globally

Referring to the continuation of the company's achievements in serving pilgrims, Al-Nasser stated that the attention of the government leaders and other various sectors in the Kingdome for this year’s Hajj was a significant milestone in achieving a new record for STC’s network. The company recorded the highest peak hours in the history of the holy places, with a data transmission growth of 34% over the same period last year. In addition, the transfer of data through the 4G network has gone to the highest in history with more than 160% compared to the last year’s record on the day of Arafa.