Etihad Etisalat (Mobily) announced second half net profits of SAR 774 million, up 40% over last year’s results of SAR 554 million over the same period. Revenues grew by 24% from 3.906 billion in the second half of 2007 to SAR 4.851 billion for second half results of this year.
Mobily’s chairman, Abdulaziz Al Saleh Al Sugheyer, said that operational profit grew from SAR 800 million at the end of the second half of 2007 to SAR 964 million for the second half of 2008, presenting a 21% growth. Earnings per share (EPS) grew 25% from SAR 1.11 to SAR 1.55 over the period.
2nd QuarterlyNet profits grew 47% from SAR 304 million for Q2 2007 to SAR 448 million for the second quarter of this year, resulting in earnings per share growth from SAR 0.6 to SAR 0.91 over the period.
Revenues rose 25% across the period to SAR 2.544 billion for Q2 of this year, as compared to SAR 2.029 billion for 2007 second quarter results. Operational profit grew from SAR 429 million in Q2 2007 to SAR 530 million for the second quarter of 2008, presenting a 24% growth.
© 2008 Mena Report (www.menareport.com)
