Saudi Cable Company Signs a Contract with Kuwaiti Ministry of Water and Electricity According to BAC Company Report07 Jun 2012 • by Natalie Aster
LONDON – A contract worth SAR 325 M was signed between Saudi Cable Company and Kuwaiti ministry of water and electricity on April 18, 2012. Starting from that date SCC will have the 22-months-project on underground cable and fiber-optic cable installation in Kuwait completed. Revenues from the project will contribute to SCC recovery from losses undertaken in 2010.
FY 2011 has made a first step in this recovery: it brought revenue of SAR 3.2 B, gross profit of SAR 202.1 M, and returned both operating and net income from negative numbers to above-zero range. The former amounted to SAR 79.2 M, the latter equaled SAR 5.1 M.
SCC started their new financial year strongly. Revenue reached SAR 917.6 M, gross profit was SAR 95.3 M, operating and net income amounted SAR 56.3 M and SAR 25.2 M, respectively.
Founded in 1975 and headquartered in Jeddah (Saudi Arabia), Saudi Cable Company engages in design of energy and telecommunication solutions corresponding the ISO 9001:2000 certification. The company runs main operations in Saudi Arabia, Turkey and Bahrain, though offers its services worldwide. SCC is capable of completing such projects as Airports & Seaports, Desalinization Plants, Military Installations, Oil & Gas Facilities, Optical Fiber Transmission, Power Plants, Telecom Networks, Water Systems, and much more.
Further disclosure on the company’s activities, capabilities, development opportunities and peers can be found in the report "Saudi Cable Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Saudi Cable Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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