Saudi Arabia's Etihad Etisalat (Mobily) on Monday reported a 21 percent rise in first-quarter net profit, just short of analysts' estimates, citing improved revenue from voice services and business customers.
Mobily, an affiliate of the United Arab Emirates' Etisalat , made a profit of 1.207 billion riyals in the three months to March 31, up from 998 million riyals in the year-earlier period, the company said in a statement on the bourse website.
Analysts polled by Reuters on average forecast Mobily would make a quarterly profit of 1.3 billion riyals.
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