Quotes: US 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
 Sep 20 2014 - Sputtering City bid to keep high-flying Chelsea in checkArab Times
(MENAFN - Arab Times)  LONDON Sept 19 (AFP): Stung by a last-minute defeat in the Champions League Manchester City will attempt to make up ground in the Premier League title race when they host ...

 Sep 20 2014 - Everton return in style Spurs heldArab Times
(MENAFN - Arab Times)  PARIS Sept 19 (AFP): Everton marked their first appearance in Europe since the 2009/2010 season with a 4-1 Europa League win over Wolfsburg while Celtic and Tottenham were ...

 Sep 20 2014 - OCA encouraging Saudi on women athletes: Sheikh AhmadArab Times
(MENAFN - Arab Times)  INCHEON South Korea Sept 19 (AFP): Pop star Psy kicked off the Asian Games 'Gangnam Style' in an energetic K-Pop-fuelled ceremony Friday as North Korean athletes received ...

 Sep 20 2014 - Neeson in action in 'Tombstones'Arab Times
(MENAFN - Arab Times)  LOS ANGELES Sept 19 (Agencies): It's not for nothing that the names of Sam Spade and Philip Marlowe are reverentially referenced in writer-director Scott Frank's ...

 Sep 20 2014 - Indicators of US economy edge '0.2 percent' higher in AugustArab Times
(MENAFN - Arab Times)  WASHINGTON Sept 19 (Agencies): A gauge designed to predict the economy's future health rose in August but at a much slower pace than in July. The Conference Board said ...

 Sep 20 2014 - Omniyat to launch 3 projects worth USD952.7m in DubaiMENAFN
(MENAFN) Omniyat, a leading development group in the Middle East, is set to launch three distinguished mega-projects worth USD952.70 million at Cityscape Global, Khaleej Times reported.The group's ...

 Sep 20 2014 - Egypt awards oil, gas exploration deals worth USD187mMENAFN
(MENAFN) The Egyptian Petroleum Minister said his country has signed oil and gas exploration deals worth USD187 million with some Western companies and a Tunisian firm, Arab News reported.The ...

 Sep 20 2014 - Morocco, Congo discuss maritime transport cooperationMENAFN
(MENAFN) Local media reported that Morocco and Congo are currently holding talks to boost the bilateral relations in the field of maritime transport, QNA reported.In a meeting that joined the ...

 Sep 20 2014 - Denmark tightens asylum laws citing Syrian influxArab News
(MENAFN - Arab News) COPENHAGEN: Denmark said on Friday it would introduce a new temporary type of residence permit for asylum seekers fleeing civil wars such as the Syrian conflict after a huge ...

 Sep 20 2014 - Abbott cites 'chatter' of attacks on govt ParliamentArab News
(MENAFN - Arab News) SYDNEY: Intelligence 'chatter' has revealed that militants plan to attack Australian politicians and government buildings the prime minister said on Friday a day after hundreds ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help