Mobily reports 4.5% rise in Q1 earnings

: Wednesday, April 23 - 2014 @ 13:02

Saudi Arabia’s second-biggest telecoms operator, Etihad Etisalat (Mobily) has reported a 4.5% increase in first-quarter net profit, as depreciation expenses rose, Reuters has reported. The affiliate of the UAE-based Etisalat made a first-quarter net income of SR1.4bn ($373.3m), up from SR1.34bn in the prior-year period. Mobily said higher depreciation expenses, a result of increased capital expenditure, weighed on its results, but gave no further details.

Today's Top Stories

Posted by

Wednesday, April 23- 2014 @ 13:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs