GEC NEWS WIRESudatel’s end of year financial results depicted a positive increase in its net profits for the fiscal year 2015. The Group witnessed positive growth across all financial indicators achieving US$ 52 Million in net profits, an increase of 4% compared to the previous year as well as earnings per share going up 10%.
The announcement was made during the first Board of Directors meeting chaired by Dr. Abdulrahman Darar, Chairman of Board of Directors, and that took place this year with participation of all members from both inside and outside of Sudan.
The board meeting’s agenda included reviewing the Group’s financial performance and the external audit reports for the fiscal year 2015. The Board also ratified the financial results report and the final accounts audited by the General Auditor Office in Sudan and by independent auditor firm “International Accountants” based in Saudi Arabia, as well as reports by Ernst & Young who are responsible for auditing the Group’s companies in West Africa.
Engineer Tarig Hamza Zainelabdin, Chief Executive Officer of the Group expressed his satisfaction with the results achieved over the past year which have been authorized by the Board. He also stressed that the Group is moving steadily towards achieving the strategic objectives set by the Group and that was approved by the Board of Directors late last year.
