The net profit for Q2, 2010 amounted to SR901 million
against SR675 million for the same quarter of last year, presenting a growth of
33 percent and compared to a net profit of SR714 million for Q1, 2010,
according to a press release received here on Tuesday.
The revenues for Q2, 2010 amounted to SR3.97 billion
presenting a growth of 24 percent over the same period of last year. The
operating profit for Q2 amounted to SR940 million against SR728 million for the
same quarter of last year, presenting an increase of 29 percent. Earnings per
share (EPS) for the first six months of the year amounted to SR2.31 compared to
SR1.65 for the same period of last year.
Mobily's Chairman, Eng. Abdulaziz Alsaghyir said:
"The growth of our Q2 revenues is due to the increase in broadband
revenues and attracting more postpaid customers, in addition to the increase in
the international interconnection margin, all of which have led to an increase
in EBITDA to reach SR1.39 billion for Q2, 2010 as compared to SR1.18 billion
for the first quarter of this year. Our EBITDA for Q2, 2009 was SR1.13 billion.
Besides an increase in usage levels and the success of Mobily's customer loyalty
program, Neqaty."
Alsaghyir added: "Mobily has adopted its strategy
for the next five years, known as 'GED', standing for Growth, Efficiency and
Differentiation, to provide integrated telecom services built around fixed and
mobile broadband technologies. The appeal of the telecom sector in Saudi Arabia
and the Kingdom's strategic and economic strength will help Mobily to achieve
its goals."
