Etihad Etisalat Co. — Earnings Release 2011

Jan 18, 2012

ETIHAD ETISALAT (MOBILY) ANNOUNCES THE CONSOLIDATED FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 31,2011 (TWELVE MONTHS):

7020 · 18/01/2012 16:45:17 · Announcement #23735 · View on Saudi Exchange

ETIHAD ETISALAT (MOBILY) ANNOUNCES THE CONSOLIDATED FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 31,2011 (TWELVE MONTHS):

Etihad Etisalat (Mobily) announces the consolidated financial results for the fiscal year ended December 31, 2011 (Twelve months).

1. 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.

2. 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%.

3. 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%.

4. 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%.

5. 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.

6. 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%.

7. 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.

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