Financial Results : Mobily posts SAR 31 mln profit in FY2019

Mobily posts SAR 31 mln profit in FY2019

18/02/2020 Argaam Exclusive

View other reports

Etihad Etisalat Co. (Mobily) reported a net profit after zakat and tax of SAR 31 million for fiscal year (FY) 2019 as compared to a net loss of SAR 123 million in 2018.



Financials (M)

Item 2018 2019 Change‬
Revenues 11,864.91 13,449.97 13.4 %
Gross Income 6,582.20 7,799.99 18.5 %
Operating Income 214.05 1,097.09 412.5 %
Net Income (122.67) 31.18 125.4 %
Average Shares 770.00 770.00 -
EPS (Riyals) (0.16) 0.04 125.4 %

The profit was driven by higher revenue on growth in subscriber base and IFRS16 implementation, the telco said in a bourse statement.

 

The company also cited an increase in revenues from data and business units.

 

Mobily reported an 18.5% increase in gross profit to SAR 7.8 billion in FY2019 as compared to SAR 6.5 billion in FY2018 on improvement in revenues and implementation of IFRS16.

 

The telco’s net debt amounted to SAR 10.5 billion for FY2019 versus SAR 11.2 billion in FY2018, representing a decrease of 6.4%.

 

Mobily succeeded in increasing its EBITDA to reach SAR 4.9 billion in FY2019 versus SAR 4.5 billion in FY2018, an increase of 9.2%, the highest achieved in 6 years. The increase is mainly attributed to the growth of revenues and the improvement in operational performance of the company.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 3,161.62 3,514.39 11.2 %
Gross Income 1,386.14 1,989.62 43.5 %
Operating Income (279.57) 178.11 163.7 %
Net Income 80.29 (124.89) (255.6 %)
Average Shares 770.00 770.00 -
EPS (Riyals) 0.10 (0.16) (255.6 %)

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.