Mobily amended its financial results for quarters in 2013 and 2014, revising down its revenues, profit and shareholders’ equity.

 

  1. Revenue: Mobily’s revenue for the third quarter and first nine months of 2013, and first and second quarters of 2014, were drastically reduced. The reductions culminated to SAR 2.212 billion in the second quarter of 2014.

 

Revenues (SAR million)

Change

After revision

Before revision

  

(1560)

4883

6443

Q3-2013

(4030)

14015

18045

9 months-2013

(1143)

5094

6237

Q1-2014

(2212)

3778

5990

Q2-2014
 

 

  1. Gross Profit: Mobily’s gross profit for the same periods was cut down either, primarily by SAR 925 million in the second quarter of 2014.

 

Gross profit (SAR million)

Change

After amendment

Before amendment

  

(67)

3292

3359

Q3-2013

(457)

8617

9075

9 months-2013

+216

3350

3134

Q1-2014

(925)

2162

3087

Q2-2014
 

 

  1. Net Profit: The company’s net profit for the third quarter, first nine months of 2013, and second quarter of 2014—was revised downward by SAR 55 million, SAR 393 million and SAR 900 million respectively. However, the net profit of the first quarter of 2014 rose by SAR 212 million from earlier figures.

 

Net profit (SAR million)

Change

After amendment

Before amendment

  

(55)

1632

1687

Q3-2013

(393)

4244

4637

9 months-2013

+212

1612

1400

Q1-2014

(900)

412

1312

Q2-2014
 

 

  1. Shareholders’ Equity: The reductions impacted shareholders’ equity, which went down to SAR 23.322 million in the second quarter 2014, i.e. SAR 1.427 million lower than earlier figures.

 

Shareholders rights (SAR million)

Change

After amendment

Before amendment

  

(740)

23223

23963

Q4-2013

(528)

23872

24400

Q1-2014

(1427)

23322

24749

Q2-2014
 

 

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