Mobily profit jumps 47.4%

By Reuters Published: 2008-07-19T20:00:00+04:00

Etihad Etisalat (Mobily), Saudi Arabia's second-largest mobile phone company by market value and an affiliate of etisalat, reported a 47.4 per cent rise in second-quarter net profit, close to forecast.

Mobily said the quarterly net profit was SAR448 million ($119.5m), compared with SAR304m in the year-earlier period.

Forecasts for second-quarter profit ranged from SAR345m to SAR486.4 m.