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FinancialNews


  • 08-05-12

    Kuwait- Zain's Q1 profit up 2%, y/y

    Zain's Chairman, Asaad Al-Banwan, said that the operator was able to increase its profit in the first quarter of 2012 by two percent, year-on-year, reported Arab News. Al-Banwan said that the company's quarterly profit hit USD255 million, up from last year's USD251.2 million. As for revenues, the Chairman noted that they hit USD117,1.4 million, registering a 7 percent year-on-year increase. The Chairman noted that such positive results were achieved despite global suffering from the effects of the financial crisis.

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