Etihad Etisalat (Mobily) has announced that its first half-year revenues totaled SR11.60 billion compared to SR10.69 billion for the same period of the previous year, an increase of 9 percent. Gross profit during the second quarter amounted SR2.99 billion compared to SR2.73 billion for the previous quarter, an increase of 9 percent, and the gross profit margin increased to 50 percent (compared to 48 percent in the previous quarter). The EBITDA margin increased to 39 percent (compared to 35 percent in the previous quarter).

Mobily’s net profit for the second quarter amounted to SR1.61 billion, supported by the improved efficiencies, compared to SR1.34 billion for the previous quarter, an increase of 20 percent, and compared to SR1.42 billion for the same quarter of the previous year, an increase of 13 percent. Earnings per share for the six months amounted to SR3.83, compared to SR3.41 for the same period of the previous year.

Data revenues increased during the first half of this year to 28 percent of the total revenues (compared to 25 percent for the same period of the previous year). The second quarter revenues totaled SR5.97 billion compared to SR5.68 billion for the same quarter of the previous year, an increase of 5 percent, and compared to SR5.63 billion for the previous quarter, an increase of 6 percent.



The higher revenues of the second quarter compared to the first quarter are attributable mainly to the higher revenues of prepaid services, as well as to a slight increase in the handset sales (which contributed to the increase in profit margins).

The recorded revenues of prepaid services increased by 12 percent during the second quarter compared to the previous quarter.


Revenues of fiber-optic and LTE networks recorded during the first half an increase of 89 percent, compared to the same period of the previous year. In addition, the company has made great strides to strengthen its infrastructure to meet the increasing growth in demand for data services on one hand, and to target the most promising sectors, most notably the business sector and provide integrated ICT solutions on the other hand. This trend comes along with increased governmental spending on its vital facilities.