Mobily earns a profit of 40% for Q2 ‘08 (UAE)Etihad Etisalat (Mobily) announced second half net profits of US$206.42million (SAR 774 million), up 40% over last year’s results of US$ 147.78million (SAR 554 million) over the same period.
Revenues grew by 24% from US$ 1.04billion (SAR3.906 billion) in the second half of 2007 to US$1.29 billion (SAR 4.851 billion) for second half results of this year.
The operational profit grew from US$213.4 million (SAR 800 million) at the end of the second half of 2007 to US$ 257.15million (SAR 964 million) for the second half of 2008, presenting a 21% growth.
Net profits grew 47% from SAR 304 million for Q2 2007 to SAR 448 million for the second quarter of this year, resulting in earnings per share growth from SAR 0.6 to SAR 0.91 over the period.
Revenues rose 25% across the period to SAR 2.544 billion for Q2 of this year, as compared to SAR 2.029 billion for 2007 second quarter results.
Operational profit grew from SAR 429 million in Q2 2007 to SAR 530 million for the second quarter of 2008, presenting a 24% growth.
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