During the fourth quarter of 2014, Mobily continued to be very active in consumer and business segments through the launch of various new products, services and tariffs enhancing customer experience, Deputy CEO Serkan Okandan said. As the Mobily team, “our strategic focus is on providing superior experience with more value and world class service through technology, operational excellence and innovation,” he said. “In 2015, and in line with our long term growth strategy, we will continue to invest in our mobile and fiber infrastructure, and focus on consumer and business segments,” he added. Revenues for the fiscal year 2014 amounted to SR15,824 million in comparison to SR19,180 million for the fiscal year 2013, representing a decrease of 17.5 percent. Excluding equipment sales revenues from both years, revenues for the fiscal year 2014 would be 14.1 percent lower than last year. Gross profit for the fiscal year 2014 amounted to SR8,903 million in comparison to SR12,193 million for the fiscal year 2013, representing a decrease of 27.0 percent. EBITDA for the fiscal year 2014 amounted to SR3,915 million in comparison to SR8,450 million for the fiscal year 2013, representing a decrease of 53.7 percent. EBITDA margin for the fiscal year 2014 was 24.7 percent compared to 44.1 percent for the fiscal year 2013. Net income for the fiscal year 2014 amounted to SR220 million in comparison to SR5,937 million for the fiscal year 2013, representing a decrease of 96.3 percent. Earnings per share for the fiscal year 2014 was SR0.29 in comparison to SR7.71 for the fiscal year 2013. Capex for the fiscal year 2014 amounted to SR5,974 million in comparison to SR5,424 million for the fiscal year 2013. Net debt (gross debt minus cash) as of December 31st 2014 amounted to SR15,096 million in comparison to SR12,023 million as of the end of 2013. Net working capital (current assets minus current liabilities) of the Company decreased by SR2,593 million mainly due to increase in accounts payable and current portion of long term loans despite decrease in accounts receivable during the fiscal year of 2014. Cash balance as of December 31st 2014 amounted to SR1,976 million in comparison to SR1,570 million as of the end of 2013. — SG
