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Mobily posts 73% increase in Q3 profit

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 21 October 2008
MOBILY PROFITS: Company posts 73% increase in net profit. (Getty Images)
MOBILY PROFITS: Company posts 73% increase in net profit. (Getty Images)

Saudi mobile phone firm Etihad Etisalat (Mobily), Saudi Arabia's second mobile phone firm, beat forecasts with a 73.3 percent rise in net third quarter profit to 539 million riyals ($143.7 million).

The company made 311 million riyals in the third quarter of 2007, it said in a statement on the Saudi bourse website.

Analysts' forecasts for Mobily's quarterly profit ranged from 380 million riyals to 553.30 million riyals in a Reuters survey, with an average forecast of 492.12 million riyals. (Reuters)

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