Mobily sees 47% rise in 2Q profits

21 Jul 2008

Saudi Arabia’s number two cellular operator Mobily has reported a 47.4% jump in net profits for the second quarter to SAR448 million (USD119.5 million), from SAR304 million in the same period last year. Operating profit was up 24% at SAR530 million, while revenues grew 25% to SAR2.54 billion. Mobily claims 39% of the Saudi cellular market, with 11.1 million subscribers.

Saudi Arabia, Mobily (Etihad Etisalat)