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 Asiacell: Our profits in 2018 reached 149.8 billion dinars DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Asiacell: Our profits in 2018 reached 149.8 billion dinars

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 Asiacell: Our profits in 2018 reached 149.8 billion dinars Empty Asiacell: Our profits in 2018 reached 149.8 billion dinars

Post by claud39 on Fri Mar 22, 2019 6:45 am


 Asiacell: Our profits in 2018 reached 149.8 billion dinars


 Asiacell: Our profits in 2018 reached 149.8 billion dinars 13862

Economy News Baghdad

Asiacell Telecom posted a profit of KD 149.8 billion during the year 2018, after increasing its subscriber base to 14.2 million subscribers and putting pressure on the expenditure of KD 132 billion.
Asiacell's profits grew by 390% last year when compared with 2017, which amounted to 38.4 billion dinars, because of the expenditure pressure of 132 billion dinars after the expenditure in 2017 amounted to 1.347 trillion dinars, while in 2018 the amount of 1.215 trillion dinars.
Asiacell shares fell 1.33% on the Iraqi Stock Exchange on Wednesday, as a result of its disclosure to the Stock Exchange and the General Authority for Taxation (ASIA) demanded a further 467.3 billion dinars from Asiacell for income tax for the years 2004 to 2017.
Asiacell's revenues in 2018 compared to 2017 decreased by 1%, with revenues last year amounting to KD 1.479 billion, while in 2017 it reached KD 1.291 billion.
Asiacell raised 54 cases worth KD 2.3 billion last year, of which 36 were awarded to the company for KD 1.9 billion, and 18 were not settled for KD 461.2 million. The company filed 20 lawsuits worth 5.1 billion dinars, of which 6 were awarded for the company worth 3.3 billion dinars Dinar.
The company has a mandatory reserve of 148.5 billion dinars, while the book value of the company amounted to 857 billion dinars. The 2,832 employees' salaries during the past year amounted to KD 93.5 billion.
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