Mobily’s revenues reach SAR5.97bn in H1 13

17 Jul 2013

Saudi Arabia’s second biggest telecoms operator by subscribers, Etihad Etisalat (Mobily), has reported a 13.37% rise in net profits in the second quarter of 2013, due to higher data revenues, increased numbers of corporate customers and improved efficiency. Mobily, an affiliate of the United Arab Emirates’ Etisalat, posted second-quarter net profit of SAR1.61 billion (USD429.3 million), up from SAR1.42 billion in the year-ago period. Revenue for the quarter ending 30 June 2013 was SAR5.97 billion, up from SAR5.63 billion reported in 2Q12. According to a press release on the Saudi Stock Exchange’s (Tadawul’s) website, the increase in revenue can be accredited to growth in pre-paid services and a rise in data revenues, which accounted for 28% of the turnover for the period under review. Revenue generated from fibre-optic and LTE services recorded the biggest annual increase: 89% for the January-June period. Mobily also saw an improvement in its EBITDA margin, to 39% in 2Q13, compared to 35% in the year-ago period.

Saudi Arabia, Mobily (Etihad Etisalat)