Quotes: 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
 Apr 28 2015 - North Sinai tribe retaliates against member's deathDaily News Egypt
(MENAFN - Daily News Egypt) A tribal source from Al-Tarabeen in North Sinai confirmed Tuesday the tribe has launched attacks on "State of Sinai" members.The attacks come in retaliation for the death ...

 Apr 28 2015 - UAE's Du records USD132.6m profit in Q1MENAFN
(MENAFN) Dubai-based Du, the UAE's second-best telecom operator, posted a net profit of USD132.6 million in the first quarter of the year, marking a 0.6 percent decrease year-on-year, Reuters ...

 Apr 28 2015 - New lawsuit against Mubarak to investigate political crimesDaily News Egypt
(MENAFN - Daily News Egypt) The State Council's Administrative Court referred Tuesday a lawsuit, demanding the investigation of political crimes by former president Hosni Mubarak, to commissioners to ...

 Apr 28 2015 - US, Kuwait trade volume surpasses USD15b in 2014MENAFN
(MENAFN) The trade volume between Kuwait and the USA exceeded USD15 billion in 2014, marking 188 percent increase over the last five years, the US Ambassador said, Kuwait News Agency reported.The ...

 Apr 28 2015 - Saudi Crown Prince receives Malaysian Chief of General StaffEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Saudi Crown Prince Muqrin bin Abdulaziz Al Saud, Deputy Premier, today received General Sri Dato Hajji Zu Alkifli bin Mohammed Zain, Malaysian Chief of General ...

 Apr 28 2015 - UAE- Central Bank announces M1 increases by 1.6%Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The UAE's Central Bank has announced that the Money Supply aggregate M1 increased by 1.6%, from AED 462.7 billion at the end of February to AED 470 billion at ...

 Apr 28 2015 - OPEC daily basket price for Monday, 27th April 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The price of OPEC's basket of twelve crudes stood at US$61.06 a barrel on Monday, compared with $60.95 the previous Friday, according to OPEC Secretariat ...

 Apr 28 2015 - Bahrain arrests 28 terroristsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A special investigation has led police in Bahrain to arrest 28 people, including individuals convicted in absentia on terrorism charges, and sentenced to life in ...

 Apr 28 2015 - Custodian of the Two Holy Mosques and al-Bashir discuss developments of regional eventsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, made a telephone call to President Omar Hassan al-Bashir, the President ...

 Apr 28 2015 - New Zealand Prime Minister begins visit to RiyadhEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) John Key, the Prime Minister of New Zealand, and his accompanying delegation, today began a visit to Saudi Arabia.According to the Saudi Press Agency, SPA, ...

more...


 






Google

Internatinal Property Show

 
 

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