Mobily FY revenue rises 13%, swings to net profit

Wednesday 19 February 2020 | 09:36 CET | News
Saudi operator, Mobily reported a net profit of SAR 31 million in the year ended 31 December 2019 compared with a net loss of SAR 123 million in 2018. The profit was driven by higher revenue from a growing subscriber base and IFRS16 implementation, the operator said. Revenue increased by 13.4 percent to SAR 13.45 billion from SAR 11.86 billion in 2018.

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Categories: Mobile & Wireless
Companies: Mobily
Countries: Saudi Arabia
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