Saudi's Mobily Q4 net profit up 11 pct

JEDDAH, Saudi Arabia Sat Jan 19, 2013 1:58am EST

JEDDAH, Saudi Arabia Jan 19 (Reuters) - Etihad Etisalat (Mobily), Saudi Arabia's No.2 telecom operator, beat forecasts with an 11-percent rise in quarterly net profit on Saturday.

Mobily, an affiliate of the United Arab Emirates' Etisalat , posted fourth-quarter net profit of 1.878 billion riyals ($500.8 million), up from 1.697 billion riyals in the prior-year period, it said in a bourse statement. (Reporting by Asma Alsharif)