Riyadh – Mubasher: Etihad Etisalat Company (Mobily) reported its interim financial results for the third quarter of 2019.
The company turned profitable recording SAR 51.06 million in Q3-19, against losses of SAR 30.92 million in Q3-18, according to a bourse filing on Sunday.
Revenues of the telecom company increased by 14.3% year-on-year to SAR 3.404 billion during the three-month period ended September.
The increase in revenues was attributed to the continued growth of the subscribers base, the growth of business revenues and wholesale units and the growth of FTTH active base.
For the first nine months of 2019, Mobily’s net profits reached 156 million, versus SAR 203 million losses in the same period of the prior year.
The company generated SAR 9.9 billion in revenues by the end of September, up 14.16% from SAR 8.7 billion in the same period a year ago.
