Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Mobily posts SR25.19bn annual revenues  Join our daily free Newsletter

MENAFN - Arab News - 16/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Revenues for the 12-month period ended Dec. 31, 2013 recorded SR25.19 billion compared to SR23.59 billion for the same period of the previous year, an increase of 7 percent, according to Etihad Etisalat Company's (Mobily's)annual consolidated financial results for the period ending Dec. 31, 2013



Announcing the results, the company said its revenues of the fourth quarter of 2013 amounted to 7.20 billion compared to SR6.43 billion for the previous quarter, an increase of 12 percent, and compared to SR6.76 billion for the fourth quarter of the previous year, an increase of 7 percent



The gross profit margin increased during the 12-month period to 51 percent, an increase that can be attributed to the improved quality and mix of revenues



Earnings before interest, taxes, depreciation and amortization (EBITDA) increased during the 12-month period to SR9.19 billion compared to SR8.53 billion for the same period of the previous year



The net profit for the 12-month period amounted to SR6.68 billion compared to SR6.02 billion for the same period of the previous year, an increase of 11 percent (SR2.04 billion net profits for the fourth quarter against SR1.69 billion for the previous quarter, an increase of 21 percent, and against SR1.88 billion for the same period of the previous year, an increase of 9 percent



Earnings per share for the 12-month period amounted to SR8.67 compared to SR7.82 for the same period of the previous year, an increase of 11 percent



Earnings per share from operating income and from net income for the year is calculated by dividing operating income and net income for the period by the weighted average for the outstanding number of ordinary shares amounting to 770 million shares as at Dec. 31, 2013 and 2012



Earnings per share from income from main operations and from net income for the year ended Dec. 31, 2012 have been recalculated retroactively based on the new number of shares to reflect the increase in share capital amounting to SR700 million



Revenues from data recorded 28 percent of the total revenues of the company during the 12-month period, driven by the higher revenues of fiber-optic and mobile broadband networks and they are expected to exceed 32 percent of the total revenues in 2014



In this regard, Mobily has completed linking more than 530,000 residential units to its fiber-optic network and it aims to link a total 1.2 million units by the end of 2014



Revenues from the business sector increased during the 12-month period by 23 percent compared to the corresponding period of the previous year, backed by a remarkable rise in the revenues of hosting and managed services, which constitute an integral part of the integrated ICT solutions; in addition to the increase in revenues from transmission and interconnection links



The business sector revenues contribution to the company's total revenues recorded a rate of 8 percent, excluding revenues from equipment and small offices/home offices (SoHo)

 


Arab News




  MENA News Headlines
 Jul 3 2015 - Kuwait- KSE benchmark, weighted index fall in end of sessionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Benchmark and weighted index of Kuwait Stock Exchange dropped in end of Thursday's session.Price index read 6,181, losing 5.66, weighted index edged down by 0.2, ...

 Jul 3 2015 - Bahrain condemns attacks in SinaiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Bahrain strongly condemned Thursday recent attacks in the northern part of Egypt's Sinai Peninsula, which killed scores of soldiers and policemen.It added in a ...

 Jul 3 2015 - EU extends police mission for PalestineKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The EU Thursday announced the prolongation of the EU police mission for the Palestinian Territories (EUPOL COPPS) until 30 June 2016.The mission is part of wider ...

 Jul 3 2015 - Tunisia arrests eight suspects over Sousse attackKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Eight suspects, including a woman, have been arrested in connection with Friday's deadly attack in the Tunisian resort of Sousse, said an official here ...

 Jul 3 2015 - Kuwait- His Highness Amir receives cable from Polish pres. on mosque blast victimsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Poland's President Bronislaw Komorowsk on the victims ...

 Jul 3 2015 - Kuwait- His Highness Amir receives cable from Bulgarian pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Bulgarian President Rosen Plevneliev on the victims of ...

 Jul 3 2015 - Kuwait- His Highness Amir receives condolence cable from Lithuanian pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Lithuanian President Dalia Grybauskaite on the victims ...

 Jul 3 2015 - Kuwait- His Highness Amir receives cable from Greek pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Greece's President Prokopis Pavlopoulos on the victims ...

 Jul 3 2015 - Arab League condemns attacks on army, police in SinaiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Council of the Arab League has condemned attacks on Egyptian army and police forces in North Sinai on Wednesday, which left 30 troops killed or injured.The ...

 Jul 3 2015 - Kuwait - Parliament Speaker receives condolence cables on mosque blast victimsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Speaker of the National Assembly Marzouq Al-Ghanim received on Thursday condolence cables from Nicaraguan Parliament Speaker Rene Nunez, Secretary-General of ...

more...


 






Google

Taqs

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help