Mobily records 37% higher profits in 2021

Riyadh – Mubasher: The net profits after Zakat and tax of Etihad Etisalat Company (Mobily) jumped by 36.91% to SAR 1.07 billion in 2021, compared to SAR 783 million in the earlier year.

The company generated revenues of SAR 14.83 billion in 2021, up 5.61% from SAR 14.05 billion in the previous year, according to a bourse filing on Monday.

 The earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 4.6% year-on-year (YoY) to SAR 5.59 billion in 2021 from SAR 5.35 billion.

The earnings per share (EPS) settled at SAR 1.39 last year, versus SAR 1.02 in 2020.

It is noteworthy to mention that in the first nine months (9M) of 2021, Mobily achieved net profits after Zakat and tax worth SAR 751 million, higher by 39.8% than SAR 537 million in the same period last year.

Mubasher Contribution Time: 21-Feb-2022 07:05 (GMT)
Mubasher Last Update Time: 21-Feb-2022 07:05 (GMT)