image description
image description
Tell A Friend

FinancialNews


  • 13-10-10

    Zain KSA's quarterly loss narrows to $145m

    (MENAFN) Zain Saudi Arabia, the kingdom's newest mobile phone operator, said that its net loss has narrows in the third quarter to $145.1 million, down from $219 million a year earlier, Reuters reported. The firm, 25-percent owned by Kuwait's Zain, said its revenues rose by an annual 101.5 percent to $443.2 million in the third quarter, almost the same annual growth as in second-quarter revenues. The gross profit margin had risen to 43 percent in the third quarter from 29 percent in the same quarter a year ago, the company added. By the end of 2011, Zain Saudi plans to have 10 million customers, revenues of $2.1 billion and core earnings or EBITDA of $400 million.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved