Mobily posts SR80m net profit in Q4 2018

Updated 19 February 2019
0

Mobily posts SR80m net profit in Q4 2018

Mobily’s net profit for the fourth quarter of 2018 reached SR80 million ($21.3 million), compared to losses of SR182 million in Q4 2017.

The telecom company reduced its net losses by 82.7 percent for the year ending on Dec. 31, 2018, with net losses for 2018 amounting to SR123 million, compared to net losses of SR709 million for 2017.

The improvement is mainly due to the fact that Mobily continued to improve its revenues for the sixth consecutive quarter as Q4 2018 revenues witnessed a YoY growth of 11.9 percent, amounting to SR3,162 million, as opposed to SR2,827 million in Q4 2017. The annual revenue grew by 4.5 percent to reach SR11,865 million for the year 2018 versus SR11,351 million for the year 2017. This is mainly attributed to the growth of the subscriber base and an improvement of subscriber mix, data revenues, business unit revenues and FTTH revenues.

This was achieved despite the market, regulatory and economic challenges, including the reduction of mobile termination rates.

Taking out the impact of the decrease of the mobile termination rates, quarterly revenues would have grown by 14 percent and annual revenues would have grown by 6.5 percent, Mobily said in a statement.


Robotic-assisted surgery at JHAH a first for Kingdom

Updated 23 June 2019
0

Robotic-assisted surgery at JHAH a first for Kingdom

Johns Hopkins Aramco Healthcare (JHAH) has become the first hospital in Saudi Arabia to perform a robotic-assisted hysterectomy using fluorescent dye.

“The precision achieved through the use of robotic-assisted surgery has multiple benefits for patients,” said Dr. Turky Al-Rujaib, JHAH gynecologic oncologist, who along with Dr. Fahad Al-Mulhim, gynecologist, performed the procedure for endometrial cancer. “Women whose hysterectomies are robotic-assisted surgeries have less pain and blood loss, shorter hospital stays, require fewer narcotics and recover more quickly.”

JHAH’s robotic surgery program began in December 2016 when Dr. Tareq M. Al-Tartir, JHAH sub-specialist surgeon, and his team collaborated with Dr. Mohamad Allaf, professor of urology, oncology and biomedical engineering at Johns Hopkins School of Medicine (JHSoM) and director of minimally invasive urology, and his team. They jointly conducted the first surgeries in the Kingdom using the da Vinci Xi robotic surgical system. The program has since expanded and includes gynecological surgeries and bariatric surgery.

“This successful operation could not have been done without the support of the JHAH robotic team,” said Dr. Al-Mulhim. “We are pleased to report the patient is recovering well. This is a tremendous achievement that going forward will improve the outcomes for many of our patients here at JHAH.”

The robot’s “hands” have a high degree of dexterity, allowing surgeons the ability to operate in very tight spaces, for example the pelvis, that would otherwise only be accessible through open surgery with long incisions. Life after surgery is improved with this technique as there is minimal scarring, fewer postoperative complications and often a faster return to normal activities. 

JHAH is the result of a joint venture between Saudi Aramco, a world leader in energy, and Johns Hopkins Medicine, one of the world’s leading academic health systems. This health care organization is designed to drive and enhance the well-being of the community in an environment of growth and learning, by providing innovative, integrated and patient-centered care to Saudi Aramco’s employees and health care beneficiaries.