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FINANCIAL NEWS
Mobily’s share at SAR 28.5, with “Overweight” recommendation
07 Aug 2016
(MENAFN) Etihad Etisalat’s Company (Mobily) revenue has reached USD 5mn in the second quarter of 2016, comparing with the same period of 2015.
Accordingly, the company’s earnings exceeded USD 9.4mn in first half of 2016, compared with H1-15 when it reached USD 251mn.
The year-on-year development in the second quarter was activated by the exceptional provisions of USD 213mn in Q2-15, which has resulted by the struggle with Zain KSA.
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