Future Communications Company Global (FCCG) has achieved net profits of (633,383) KD, during the first quarter of this year, which is 3.45% growth rate compared to the same period last year, with a net profit of 612,234 KD.
The Chairman of the Board of Directors of FCCG, Mr. Muthanna Mohammed Al-Hamad, in his statement to the press today mentioned that "the financial results of the company reflect a good progress in performance despite of the challenges caused by the global financial crisis". The company’s operating revenue reached about (11.985) million KD and earnings per share of (7.82) fils, while the total return on equity reached 19.24% and an increase in total assets by 11.98% to reach 20.456 million dinars compared to (18.268) million dinars last year.
For his part, FCCG CEO, Mr., Salah Abdul-Latif Al-Awadi said that the “’Future’ was able to achieve positive financial results despite of the effects the global financial crisis had on the telecommunications market, where we have been able to deal with these challenges through the diversification of the company’s operational activities policy". Mr. Al-Awadi also added that “the company did not depend on a single key partner or even one type of activity; it rathe r diversified its alliances and invested in five di fferent companies within the communication field which contribute d to the reduction in the amount of risks." A l-A wadi also said that "ou r entry into new markets was a deliberate in vestment policy to meet the global economic challenges." |
