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.