The third-quarter profit of Etihad Etisalat (Mobily) jumped 335% to reach 222 million Saudi riyals, compared to 51 million riyals for the same quarter of the previous year.
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According to Arabia Net, the company's profits during the 9-month period increased by 244% to 537 million riyals, compared to 156 million riyals in the same period last year. / p>
Mobily's revenues amounted to 3,355 million Saudi riyals for the third quarter of 2020, compared to 3,404 million Saudi riyals in the same quarter of the previous year, a decrease of 1.43%. < / p>
This slight decrease is mainly due to the effect of the precautionary measures taken to limit the spread of the Corona pandemic, which led to the holding of the Hajj this year 1441 AH in very limited numbers and its impact on international roaming services , In addition to reducing the billing rates for terminating calls.
and a total profit of 2,056 million Saudi riyals in the third quarter of 2020 compared to 2,015 million Saudi riyals in the same quarter of the previous year, an increase of 2.01%. Mainly to lower cost of revenue.
The company continued to raise the profit before deducting depreciation and amortization and the costs of Islamic Murabaha and Zakat (EBITDA) to reach 1,349 million Saudi riyals in the third quarter of 2020 compared to 1,277 million SAR for the same quarter of the previous year, an improvement of 5.65%. This is due to the company's efficiency in managing its operational processes.
