Mobily profits beat forecasts

21 Oct 2008

Saudi Arabian cellular operator Mobily has reported a 73.3% rise in profits for the three months to the end of September 2008, beating analyst forecasts. Mobily saw third quarter net profits of SAR539 million (USD143.7 million), up from SAR311 million in the same period last year. Reuters says averages of analyst predictions had put profits at SAR492 million.

Saudi Arabia, Mobily (Etihad Etisalat)