ALBAWABA - Mobily, part of the United Telecommunications Group, reported a significant 40.4% increase in profits after zakat and tax in the third quarter of this year.

According to the company's business results released on Sunday, October 22, profits reached 524 million Saudi riyals, compared to 497 million Saudi riyals in the same period last year.

Operational profits also rose by approximately 31.2% to reach 689 million Saudi riyals.

Additionally, revenues increased by about 7.1%, reaching 4.1 billion Saudi riyals.

The company attributed revenue growth to the expansion of all its business segments, supported by growth in the enterprise sector and an increase in its customer base.

Furthermore, the company announced that capital expenditures for the first nine months of the 2023 fiscal year amounted to 949 million Saudi riyals, compared to 935 million Saudi riyals in the same period of the previous year.