Mobily’s Net Income Increases by 21%

Saudi-based telecom operator, Etihad Etisalat (Mobily) has said its first-quarter net income rose 21% to SR1.21bn, compared with SR998m for the same period last year, but was 29% less than the SR1.7bn the company made in the previous quarter.

Mobily’s Gross profit climbed 14% to SR2.61bn from SR2.29bn for the same period last year, while operating income for the period jumped 19% to SR1.25bn, compared with SR1.05bn, as the company said, as Arab News Stated.