Saudi: Mobily’s profits leap 54.5% in 2022
Etihad Etisalat Company (Mobily) registered SAR 1.65 billion in net profit after Zakat and tax in 2022, a hike of 54.57% from SAR 1.07 billion in 2021.
Revenues increased by 5.63% year-on-year (YoY) to SAR 15.66 billion in the January-December 2022 period, compared to SAR 14.83 billion, according to the annual financial results.
The earnings per share (EPS) stood at SAR 2.15 as of 31 December 2022, versus SAR 1.39 in 2021.
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