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15-01-14

Mobily profit up 8.6 percent in Q4

(MENAFN) Saudi Arabia's Etihad Etisalat (Mobily), beat forecasts as it logged an 8.6 percent increase in net profit in last year's fourth quarter, Arab News reported. The telecom company posted a net profit of USD543 million, going up from USD501 million in the same period the year before. The company's profit for the year came at USD1.78 billion, increasing from USD1.6 billion in 2012. Annual revenue in the year increased by 7 percent to USD6.6 billion.