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-   -   Saudi Arabia's Mobily Q1 net profit rises 4.5 pct, misses estimates (https://hameed.nwar.uk/vb/showthread.php?t=350266)

rss 04-22-2014 01:32 AM

Saudi Arabia's Mobily Q1 net profit rises 4.5 pct, misses estimates
 
* Q1 net 1.4 bln riyals vs 1.34 bln yr earlier * Analysts had on average forecast 1.52 billion * Co says higher depreciation expenses weigh on results * Revenue 6.24 bln riyals vs 5.63 bln (Adds details) By Matt Smith DUBAI, April 21 (Reuters) - Etihad Etisalat (Mobily), Saudi Arabia's **.2 telecom operator, missed forecasts with a 4.5 percent increase in first-quarter net profit on Monday, as depreciation expenses rose. Mobily, an affiliate of United Arab Emirates-based Etisalat , made a first-quarter net profit of 1.4 billion riyals ($373.3 million), up from 1. ...

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