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CEO Weekends: Sudatel posts H1 net profit of USD24m

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Sudatel Telecom Group (STG)  has announced an EBITDA of $75 million profit as preliminary results for the first half of 2014 , an increase of 17% year-on-year and reflecting an improved EBITDA margin of 32%, compared to 27% in H1 2013.

In a statement, the Khartoum-based company declared revenues of USD233 million, while net income increased 41% year-on-year to $24 million.

“STG is strategically considering smart investments in Sudan and West Africa operations to continue business improvements, and enhance position in all markets,” said STG board chairman, Abdelrahman Mohamed Dirar.

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“Data, on both fixed and mobile platforms, is the strategic direction and focus for our future, utilising the good infrastructure that Sudatel owns,” he added.

56% of the total profits and 66%of the active subscribers came from the Sudanese business while in West Africa there was positive net income since establishment  and this the company was because of a high level of efficiency in Mauritania, change of the marketing strategy in Senegal and stabilisation efforts in Guinea.

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Meanwhile, the company has said it will sell shares in its Ghanaian mobile unit Expresso (Kasapa Telecom) during the second quarter of 2014.

The firm added that Intercel Guinea (Expresso) has entered agreements with Chinese equipment vendor ZTE to invest around EUR20 million ($26.7 million) in the expansion of its mobile network coverage and capacity.

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Image:www.sudatel.sd

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Susan Mwenesi
Susan Mwenesi
Interested in business, technology and all things startups in Africa!

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