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Saudi Mobily Q3 profit up 73.3%

  • Saudi Arabia: Tuesday, October 21 - 2008 at 10:58

Saudi mobile phone firm Etihad Etisalat (Mobily) beat forecasts with a 73.3% rise in net third quarter profit to 539 million riyals ($143.7m), reported Reuters. The company said it made 311 million riyals in the third quarter of 2007. 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.

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