Earnings Report /
Saudi Arabia

Mobily: Q2 21 review – Steady top-line growth and in-line results

  • Mobily reported an in-line set of Q2 21 results with a net income of SAR244mn, up 31.8% yoy (+8.0% qoq).

  • Revenues came in at SAR3.73bn, up 4.8% yoy (+3.5% qoq) and was in-line with our estimates.

  • Gross profit came in at SAR2.15bn, up 4.1% yoy (+3.6% qoq) and was in-line with our estimates.

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
26 July 2021
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