Etihad Etisalat Co. (Mobily) reported a net profit of SAR 156 million in the first nine months of 2019 compared to a net loss of SAR 202.9 million in the same period last year.
The profit was driven by revenue surging 14 percent to SAR 9.9 billion due to growth in subscriber base, and better performance by business and wholesale units.
In Q3 2019, the telco reported a net profit of SAR 51 million compared to a loss of SAR 30.9 million in the previous year.
On a quarter-on-quarter basis, net profit rose by 35 percent.
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