FINANCIAL NEWS

Saudi Mobily achieves USD 4.53mn Q1 net profit

20 Apr 2016

(MENAFN) Etihad Etisalat (Mobily) achieved a net profit of USD 4.53mn for Q1 this year, compared to a loss of USD 11.72mn for the same period of 2015.

Additionally, the increase of the income is related to the improvement of earnings before interest, taxes, depreciation and amortization, which amounted to USD 0.29bn.

Moreover, the firm GDP for Q1, 2016 amounted to USD 0.51bn compared to USD 0.51bn for the same quarter in 2015.

However, the decline in the profit was attributed to the drop f devices sale and slowdown sales influenced by customers fingerprint validation.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more