October 19, 2009 / 7:17 PM / 10 years ago

Saudi Telecom's Q3 net profit falls 20 pct

RIYADH, Oct 19 (Reuters) - Saudi Telecom Co 7010.SE (STC) posted a 20 percent drop in third-quarter net profit.

STC made 2.4 billion riyals ($640 million) in the three months to Sept. 30, down from 3.01 billion riyals a year earlier, the company said in a statement posted on the bourse website. (Reporting by Firouz Sedarat)

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