Mobily reports 4.5% rise in Q1 earnings | Mobily reports 4.5% rise in Q1 earnings -
Mobily

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.

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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.

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