Mobily: 3Q09 net profit up 49.7%

19 Oct 2009

Saudi Arabia’s second largest mobile operator by subscribers Mobily has reported net profit for the three months ended 30 September 2009 of SAR807 million (USD214.6 million), up 49.7% from SAR539 million in the same period a year earlier. In a statement to the Saudi bourse the company said: ‘The increase in the net profit during the third quarter stemmed from the continued steady increase in the number of post-paid telephone lines.’ Mobily also cited its 3G expansion programme, as reported by CommsUpdate on 10 August, as driving interest in its operations and attracting consumers to its services.

Saudi Arabia, Bayanat Al-Oula, Mobily (Etihad Etisalat)