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Mobily posts $280 million Q4 net profit

The Saudi-based telecom operator saw higher-than expected results.

January 18, 2010 12:01 by



Saudi-based telecom operator Etihad Etisalat (Mobily) said that its net profit during the fourth quarter of 2009 increased by 35 percent – from SAR778 million during the same period last year to SAR1.05 billion ($280.5) this year. The net profit was much higher than analysts’ forecasts, says Reuters.

Mobily said that it will issue dividends of SAR1.25 per share to its shareholders for 2009.



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