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Sudatel turns to profitability in 2021

Sudatel turns to profitability in 2021
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Sudatel
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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 period ended 31 December 2021.

The company generated $281.9 million revenues from operations in 2021, down from $293.9 million in 2020.

The basic and diluted earnings per share (EPS) settled at $0.01 last year, versus losses per share of $0.007 in 2020.