18 January 2012
Riyadh - Etihad Etisalat (Mobily) announces the consolidated financial results for the fiscal year ended December 31, 2011 (Twelve months). The Net income for Q4 2011 amounted to SAR 1,697 million, as compared to SAR 1,459 million for the same quarter of last year, with a growth of 16%, and a growth of 39% over Q3 2011 results of SAR 1,224 million.
Gross Profit for Q4 2011 amounted to SAR 3,085 million, as compared to SAR 2,573 million for the same quarter of last year, with a growth of 20% and Operating income for Q4 2011 amounted to SAR 1,754 million, as compared to SAR 1,465 million for the same quarter of last year, with a growth of 20%.
Net income for the 12 months amounted to SAR 5,083 million, as compared to SAR 4,211 million for the same period last year, with a growth of 21%.
Earnings per share from net income (EPS) for the 12 months amounted to SAR 7.26, as compared to SAR 6.02 for the same period last year.
Gross Profit for the 12 months amounted to SAR 10,324 million, as compared to SAR 8,783 million for the same period last year, with a growth of 18%.
Operating income for the 12 months amounted to SAR 5,305 million, as compared to SAR 4,355 million for the same period last year, with a growth of SAR 22%.
Engineer Abdulaziz Saleh AlSaghyir, Chairman of Mobily Board of Directors, attributed the rise in net profit to the increase in data revenues (Fixed & Mobile) by 59% compared to the previous year, representing 22% of the total revenues compared to 18% for 2010, where the number of mobile broadband subscribers reached 8.7 million at the end of 2011 compared to 2.3 million subscribers in the Unlimited, 5GB, and 1GB bundles for the previous year; the volume of data traffic amounted to 163 terabytes per day compared to 85 terabytes per day at the end of 2010; postpaid customers increased by 50%, with an increasing number of high ARPU subscribers, during the same period; the revenues of postpaid subscribers increased by 21%, representing 28% of the service revenues for 2011; the business sector service revenues increased by 85% compared to 2010. In addition, Engineer AlSaghyir said, the Company expanded its services provisioning capabilities by opening three new branches for the business sector in Riyadh, Jeddah and Dammam, as a first stage.
Mobily Board Chairman indicated that total revenues reach SR 20,052 million in 2011, as compared to SR 16,013 million for the previous year, an increase of 25%. EBITDA increased to SR 7,454 million in 2011 compared to SR 6,165 million in year 2010, an increase of 21%, pointing out that as competition in data services continues and due to the increase in sales of low margin smart phones and tablet PCs, EBITDA margin recorded 40% during the fourth quarter of 2011 compared to 44% for the same period last year, and compared to 39% for the third quarter of 2011. The Company completed the Hajj season successfully by all standards and its network registered an increased number of users compared to the previous season; In addition to the increase in data traffic, Internet traffic rose by 87% from last season (475% increase in BlackBerry data traffic).
Engineer AlSaghyir added that the Company focus in the coming period will be on increasing accessibility to the Internet through both fixed and mobile broadband networks, expecting that the Kingdom would achieve the highest growth rate in terms of data transfer rate in the Middle East, due to growth in population, young nature of the population composition, and proliferation of smart phones and tablet PCs, in addition to the noticeable increase in the use of social networking and applications through smart phones, which is considered to be a major driver of demand for the growing high speed Internet connectivity.
Mobily Board Chairman went on to say that speed and flexibility in adoption of advanced technologies such as LTE cannot be ignored in order to narrow the gap in the speed of data transfer between mobile and fixed lines, reduce latency, develop fiber optic network to cover government, commercial and residential facilities (FTTH) and provide IP TV and other services with high quality and reliability. This increase in demand for data services is expected to increase the pressure on the Companys infrastructure. Therefore, according to the Chairman, growth opportunities are closely related to capital expenditure on integration of mobile and fixed networks, capacity improvement, high traffic bands procurement, and providing service bundles that meet the growing needs of Internet users, the promising business sector and project applications, taking into account the increase in dividend payment, especially with the continued growth in companys EBITDA.
Engineer AlSaghyir said that Mobily would endeavor to enter into strategic partnerships and joint ventures with content providers to avoid direct competition in the field. In conclusion, Mobily Chairman expressed his sincere thanks and appreciations for the efforts of all employees, wishing them continued success.
Riyadh - Etihad Etisalat (Mobily) announces the consolidated financial results for the fiscal year ended December 31, 2011 (Twelve months). The Net income for Q4 2011 amounted to SAR 1,697 million, as compared to SAR 1,459 million for the same quarter of last year, with a growth of 16%, and a growth of 39% over Q3 2011 results of SAR 1,224 million.
Gross Profit for Q4 2011 amounted to SAR 3,085 million, as compared to SAR 2,573 million for the same quarter of last year, with a growth of 20% and Operating income for Q4 2011 amounted to SAR 1,754 million, as compared to SAR 1,465 million for the same quarter of last year, with a growth of 20%.
Net income for the 12 months amounted to SAR 5,083 million, as compared to SAR 4,211 million for the same period last year, with a growth of 21%.
Earnings per share from net income (EPS) for the 12 months amounted to SAR 7.26, as compared to SAR 6.02 for the same period last year.
Gross Profit for the 12 months amounted to SAR 10,324 million, as compared to SAR 8,783 million for the same period last year, with a growth of 18%.
Operating income for the 12 months amounted to SAR 5,305 million, as compared to SAR 4,355 million for the same period last year, with a growth of SAR 22%.
Engineer Abdulaziz Saleh AlSaghyir, Chairman of Mobily Board of Directors, attributed the rise in net profit to the increase in data revenues (Fixed & Mobile) by 59% compared to the previous year, representing 22% of the total revenues compared to 18% for 2010, where the number of mobile broadband subscribers reached 8.7 million at the end of 2011 compared to 2.3 million subscribers in the Unlimited, 5GB, and 1GB bundles for the previous year; the volume of data traffic amounted to 163 terabytes per day compared to 85 terabytes per day at the end of 2010; postpaid customers increased by 50%, with an increasing number of high ARPU subscribers, during the same period; the revenues of postpaid subscribers increased by 21%, representing 28% of the service revenues for 2011; the business sector service revenues increased by 85% compared to 2010. In addition, Engineer AlSaghyir said, the Company expanded its services provisioning capabilities by opening three new branches for the business sector in Riyadh, Jeddah and Dammam, as a first stage.
Mobily Board Chairman indicated that total revenues reach SR 20,052 million in 2011, as compared to SR 16,013 million for the previous year, an increase of 25%. EBITDA increased to SR 7,454 million in 2011 compared to SR 6,165 million in year 2010, an increase of 21%, pointing out that as competition in data services continues and due to the increase in sales of low margin smart phones and tablet PCs, EBITDA margin recorded 40% during the fourth quarter of 2011 compared to 44% for the same period last year, and compared to 39% for the third quarter of 2011. The Company completed the Hajj season successfully by all standards and its network registered an increased number of users compared to the previous season; In addition to the increase in data traffic, Internet traffic rose by 87% from last season (475% increase in BlackBerry data traffic).
Engineer AlSaghyir added that the Company focus in the coming period will be on increasing accessibility to the Internet through both fixed and mobile broadband networks, expecting that the Kingdom would achieve the highest growth rate in terms of data transfer rate in the Middle East, due to growth in population, young nature of the population composition, and proliferation of smart phones and tablet PCs, in addition to the noticeable increase in the use of social networking and applications through smart phones, which is considered to be a major driver of demand for the growing high speed Internet connectivity.
Mobily Board Chairman went on to say that speed and flexibility in adoption of advanced technologies such as LTE cannot be ignored in order to narrow the gap in the speed of data transfer between mobile and fixed lines, reduce latency, develop fiber optic network to cover government, commercial and residential facilities (FTTH) and provide IP TV and other services with high quality and reliability. This increase in demand for data services is expected to increase the pressure on the Companys infrastructure. Therefore, according to the Chairman, growth opportunities are closely related to capital expenditure on integration of mobile and fixed networks, capacity improvement, high traffic bands procurement, and providing service bundles that meet the growing needs of Internet users, the promising business sector and project applications, taking into account the increase in dividend payment, especially with the continued growth in companys EBITDA.
Engineer AlSaghyir said that Mobily would endeavor to enter into strategic partnerships and joint ventures with content providers to avoid direct competition in the field. In conclusion, Mobily Chairman expressed his sincere thanks and appreciations for the efforts of all employees, wishing them continued success.
© Press Release 2012
