Sudatel net profit falls

19 July 2019

Sudatel, the telecom and internet service provider in Sudan, recorded a net profit of US$32m in 2018, down from the US$45m posted in 2017. 

Overall operating revenue of US$326m was down by 36 per cent from US$513m in 2017, but revenue from operations in Sudan was up 49% last year.

“We adopted a very clear strategy of partnering with successful international firms to expand our operations both in Sudan and in west Africa,” said Sudatel group chair Fadul Abdalla. Fadul noted, “This strategy is serving us well and will be continued.”

Sudatel’s chief executive officer Eng. Tarig Hamza Zain Elabdein, added that Sudatel had moved from being a telecom operator providing voice and data to an ICT solution provider.

“The Sudatel data centre is one example of this, with customers that include large institutions in Sudan such as banks, public corporations and insurance companies,” said Elabdein. “We are also hosting Google’s servers, and this vote of confidence in our data centre has boosted our reputation globally.”

Sudatel is the only Sudanese company quoted on the Abu Dhabi Stock Exchange, and is also the largest company listed in Khartoum Stock Exchanges. 

The company’s financial performance for 2018, like all other businesses in Sudan, was impacted by a major currency devaluation.