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Mobily posts 22% profit growth

Saudi Arabia's second telecoms operator, Mobily has reported a 22% rise in second-quarter profit to SR1.42bn, compared with SR1.16bn for the same period last year, and an increase of 18% over the previous quarter results of SR1.21bn, Arab News has reported. Net income for the first six months of the year jumped 22% to SR2.63bn from SR2.16bn for the same period last year.