Etihad Etisalat (Mobily), Saudi Arabia's No.2 telecom operator, beat forecasts with an 11 percent rise in quarterly net profit on Saturday.
Mobily, an affiliate of the UAE's Etisalat , posted fourth-quarter net profit of SR1.878bn ($500.8m), up from SR1.697bn in the prior-year period, it said in a bourse statement.
Analysts polled by Reuters on average forecast Mobily, which competes with the Gulf's No.1 operator Saudi Telecom Co and Zain Saudi, would make a quarterly profit of SR1.78bn.
Mobily's fourth-quarter revenue was SR6.77bn, up 17 percent from SR5.80bn from the prior-year period.
Full-year profit for 2012 was SR6.02bn, a rise of 18 percent from SR5.08bn in 2011.
In late November, the Saudi telecom regulator suspended Mobily from selling pre-paid SIM cards for two weeks. At the time, Mobily said the financial impact of the suspension would be "insignificant".
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