Riyadh – Mubasher: Etihad Etisalat Company (Mobily) reported on Sunday SAR 783 million in net profits during 2020, compared with SAR 31 million in 2019.

This represents a 2,425% annual hike in profit, attributed to growing revenues and gross profit and an improvement in EBITDA margin, according to a bourse statement.

Revenues went up by 4.4% on a yearly basis during the year ended on 31 December 2020, reaching SAR 14 billion from SAR 13.45 billion a year earlier.