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2026-11-08T07:15:19.830Z

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Telecom profit up 10.77%

Telecom profit up 10.77%

Etihad Atheeb Telecom Company’s net profit rose 10.77% to SAR 72 million in the second quarter ended September 30, 2026, compared with SAR 65 million in the same period a year earlier. It also increased 5.9% quarter on quarter. Revenue grew 19.8% to SAR 563 million, driven by the company’s expansion and growth of 53% in the wholesale segment and 5% in business sales. The company attributed the increase in profit to a rise of approximately SAR 93 million in revenue, partly offset by a SAR 74 million increase in the cost of revenue and higher expenses in some areas. In the first six months of the fiscal year, net profit rose 10.24% to SAR 140 million, compared with SAR 127 million in the corresponding period.

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