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FinancialNews


  • 07-08-17

    Zain Kuwait reports flat second-quarter profit

    (MENAFN) Zain, Kuwait's largest telecom operator by subscribers posted flat second-quarter profits, while it made a net profit of USD146mn in the three months to June 30.

    Furthermore, EFG Hermes had predicted a net profit of 39.87mn dinars, whereas SICO Bahrain predicts a net profit of 36.75mn dinars.

    Accordingly, foreign currency conversions, mainly in Sudan, had cost the firm USD58mn in the Jan-June period of this year.

    The firm is also trying to sell its transmitter towers in KSA and Zain Saudi, 37 percent-owned by Zain Group.

    MENAFN0708201700450000ID1095701191

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