Mobily reports 22% increase in Q2 net income

16 Jul 2012

Etihad Etisalat (Mobily), Saudi Arabia’s second largest mobile operator by subscribers, has reported net income of SAR1.42 billion (USD378.4 million) for the three months ended 30 June 2012, up 22% from SAR1.16 billion year-on-year. Meanwhile, operating income for Q2 2012 increased 20% from SAR1.22 billion to SAR1.47 billion on an annualised basis. Finally, gross profit for 2Q12 amounted to SAR2.96 billion, up from SAR2.48million, a y-o-y increase of 19%. All figures were revealed yesterday in an announcement on Tadawul, the Saudi stock exchange.

Saudi Arabia, Mobily (Etihad Etisalat)