Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) posted a 35.03% year-on-year (YoY) surge in consolidated net profit to SAR 1.29 billion in the first half (H1) of 2024 from SAR 962 million.

Sales grew by 8.07% YoY to SAR 9.01 billion in H1-24 from SAR 8.33 billion, according to the interim consolidated financial results.

The earnings per share (EPS) hit SAR 1.69 between 1 January and 30 June, up from SAR 1.25 in the corresponding period a year earlier.

Second Quarter

During the second quarter (Q2) of 2024, Mobily’s net profit leapt by 32.99% YoY to SAR 661 million from SAR 497 million.

Sales increased by 4.59% YoY to SAR 4.46 billion in Q2-24 from SAR 4.26 billion.

Quarter-on-quarter (QoQ), the company’s net profit inched higher by 3.60% in Q2-24 from SAR 638 million, while sales edged lower by 1.76% from SAR 4.54 billion.

In Q2-24, Mobily’s consolidated net profit jumped 37.20% YoY to SAR 638 million from SAR 465 million.