The financial statements of Etihad Saudi Telecom Company (Mobily) showed an increase in the company's profits in the first half of this year by 49.2% on an annual basis.
According to the company's results for the Saudi market (Tadawul), the profits for the period amounted to 470 million riyals, compared to profits for the first half of last year, which amounted to 315 million riyals.
The results also showed an increase in the company's profits by 31.9% during the second quarter of this year, recording 244 million riyals, compared to a profit of 185 million riyals in the same period of 2020. .
The company attributed the reasons for the growth of profits mainly to the improvement in revenues and operating profits and the decrease in financing expenses.
