Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Mobily posts SR25.19bn annual revenue  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
 Oct 31 2014 - Saudi Arabia's Sedco Capital eyes $300m Europe real estate dealThe Peninsula
(MENAFN - The Peninsula)  Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg ...

 Oct 31 2014 - Qatar Exchange index falls on heavy sell-offThe Peninsula
(MENAFN - The Peninsula)  Qatari stocks plunged on heavy profit-taking yesterday, a day after Federal Reserve announced its decision to wound up its over five-year-long quantitative easing stimulus ...

 Oct 31 2014 - Kuwait prioritizes protection of human rights - EnvoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The State of Kuwait on Thursday reaffirmed respect for human rights out of belief in their crucial role in the achievement of sustainable development.The Kuwaiti ...

 Oct 31 2014 - Kuwait welcomes Sweden's recognition of Palestinian statehoodKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Kuwait welcomes Sweden's decision to recognize Palestine as an independent state, a senior Foreign Ministry source said on Thursday.The decision comes in line ...

 Oct 31 2014 - Ban condemns Sudan hostilitiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  UN Secretary General Ban Ki-moon strongly condemned the resumption of hostilities between the Sudan People's Liberation Army (SPLA) and Opposition forces in ...

 Oct 31 2014 - US, Israeli officials discuss ISIL, IranKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Senior US officials working on the Obama Administration's counterterrorism strategy met with their Israeli counterparts on Thursday for the semi-annual meeting ...

 Oct 31 2014 - Kuwaiti Speaker condemns Israeli closing of Aqsa MosqueKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  We condemn the unjustly Israeli act of closing the Holy Aqsa Mosque in the face of worshippers, Kuwait's National Assembly Speaker and Chairman of the Arab ...

 Oct 31 2014 - S. Korean Pres. calls for more economic ties with Saudi ArabiaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  South Korean President Park Geun-hye on Friday called for expanding economic ties with Saudi Arabia, saying the two countries should seek exchanges in new areas ...

 Oct 31 2014 - EU condemns ISIL atrocities in IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The EU Friday expressed condolences to the families of the tribesmen who were killed in recent ISIL atrocities in the Anbar province, as well as to the families ...

 Oct 31 2014 - OPEC basket price down by 45 cents to USD 82.79 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))   OPEC daily basket price stood at USD 82.79 a barrel Thursday compared with USD 83.24 the previous day, the cartel said on Friday.The annual rate of the OPEC ...

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