The Clap
The net profits of the telecommunications company Mobily jumped by nearly 40.5% YoY in Q3-23.
What
Owned 28% by Emirates Telecommunications Corporation, Mobily reported high quarterly profits, thanks to a 7.1% increase in its revenues.
So What
The third quarter witnessed revenue growth across all sectors of the company, reflecting an improvement in its business operations, and an increase in its customer base.
Now What
Mobily’s profits increased by 41.4% YoY in the first nine months of 2023.
