Zain Group FY revenues up 2% to USD 4.4 bln

News Wireless Middle East 27 JAN 2014
Zain Group FY revenues up 2% to USD 4.4 bln
Middle East mobile operator Zain Group posted a 2 percent increase in revenues for 2013 to USD 4.4 billion. EBITDA reached USD 1.9 billion, good for a margin of 43.4 percent, and net income hit USD 764 million or USD 0.20 per share. The group recommended a cash dividend of USD 0.18 per share. 

For the fourth quarter of 2013, Zain recorded revenues of USD 1.12 billion, up 2 percent compared to the same period in 2012. EBITDA reached USD 492 million, an increase of 3 percent, and net income was stable at USD 180 million. Group chairman Asaad Al Banwan said the positive customer and data revenue growth across all of its operations over the course of the year bodes well for the future. 

Kuwaiti operations performed well with customer growth of 12 percent reaching 2.5 million, reflecting a leading market share of 39 percent. ARPU reached USD 39 in its home market in Kuwait, while the nationwide LTE network helped data revenue grow 21 percent, forming 29 percent of total revenues. 

Zain Iraq's customer base grew 16 percent to reach 15.9 million at year-end, good for a 49 percent market share. ARPU in Iraq reached USD 10, and data revenue there increased 65 percent in 2013. 

Zain Sudan led the market with 11.7 million customers, a 43 percent market share, and the operator posted 18 percent growth in revenue and EBITDA in local currency. However, the 35 percent devaluation in the Sudan currency compared to the USD had a negative impact on the group's overall results. 


Categories:

Mobile

Companies:

Zain Group

Regions:

Middle East

Tags:

Financial figures

Related Articles

MIDDLE EAST 6 MRT 2014

Zain Group eyes acquisitions in North Africa

Zain Group is looking for potential acquisitions in North Africa, CEO Scott Gegenheimer told Arabian Business. The Middle Eastern operator is on the lookout for data centres, fibre networks and even content players. Gegenheimer said he wants to enter the enterprise and ICT sectors in a bid to become an integrated service provider. Operators, ISPs, data centre providers and fibre and content players could all potentially be on Zain's shopping list in the next eighteen months to two years, he said.

IRAQ 30 JAN 2014

Zain Iraq unlikely to float shares within next few months

Zain Iraq is still expected to list its shares on the Iraq Stock Exchange (ISX) later this year but is at least several months off from being able to do so, Reuters reported, citing bourse CEO Taha Al Rubaye. The operator must publish its financial results for 2013 and hold a shareholders' meeting to approve the listing plan and then there are other steps that need to be taken, Rubaye said. He said he does not think the operator will complete all the requirements before two or three months' time.

BAHRAIN 27 JAN 2014

Zain Bahrain grows customer base 25% in 2013

Zain Bahrain's customer base grew by 25 percent in 2013 to reach 772,000 at 31 December. Revenues and EBITDA grew 5 percent and 7 percent respectively, reflecting a healthy ARPU of USD 23, the mobile operator said. Focused investment, with capex up 42 percent essentially for the launch of LTE and other upgrades, fueled data revenue growth of 20 percent. Data revenues represented 27 percent of all service revenues for the year. In September 2013, Zain acquired additional spectrum in the 1,800 MHz band that w

SOUTH SUDAN 27 JAN 2014

Zain South Sudan customer base up 22% in 2013

Zain South Sudan saw its customer base grow by 22 percent in 2013 to reach 812,000 at 31 December. The operator is focusing on expanding the network, resulting in the building of 83 new network sites during 2013. All key financial indicators are witnessing healthy growth in the country, Zain said.

SAUDI ARABIA 22 JAN 2014

Zain KSA grows subscriber base 10% in 2013

Zain Saudi Arabia announced that its subscriber base rose by 10 percent in 2013 to 8.7 million at year-end. The operator narrowed its net loss by 6 percent, from SAR 1.7 billion in 2012 to SAR 1.6 billion in 2013, thanks to top-line growth, financial restructuring and operational efficiency improvements during the year. Revenue grew by 6 percent to SAR 6.5 billion. The mobile broadband segment proved a catalyst for growth in 2013, with revenues increasing year on year, Zain said. Postpaid revenues also grew

MIDDLE EAST 22 JAN 2014

Zain seeks loan as USD 867 mln facility expires - report

Zain Group has sought proposals from banks for a loan worth hundreds of millions of dollars, Reuters reported, citing two banking sources. It said Zain is seeking to raise cash before an existing USD 867 million debt facility matures. The operator has invited lenders to participate in the deal and for their views on what likely interest rate it would pay for securing the loan, the bankers said, speaking on condition of anonymity. A Zain spokesman said the operator often discusses potential new loans to fin

AFRICA 8 JAN 2014

Zain invested USD 1 billion in network upgrades in 2013

Zain Group invested around USD 1 billion in network upgrades in 2013, Gulf Business reported. CEO Scott Gegenheimer said the investment ties in directly with the tremendous uptake in mobile digital services across the sector, of which Zain is also a beneficiary. Gegenheimer said growth in data revenues for the company was impressive during 2013, averaging almost 22 percent year-on-year, and contributing 13 percent to Zain's overall revenues for the year.

MIDDLE EAST 11 NOV 2013

Zain Group revenue flat in Q3 at USD 1.1 bln

Middle East mobile operator Zain Group recorded revenues of USD 1.1 billion for the third quarter, effectively flat compared to the same period in 2012. EBITDA fell to USD 471 million from USD 492 million, and net income for the quarter reached USD 186 million, a 12 percent decrease from a year earlier. Excluding negative currency effects, predominantly in Sudan, revenue growth would have been 3 percent and EBITDA would have been stable, the operator said. The group added 3 million new customers over the la

Just In

24 MEI 18:57

Channel 4 reports total revenue of GBP 1.03 billion for 2025

24 MEI 18:49

US mobile operators offer new motorola razr foldable phones

24 MEI 18:26

Rogers launches new nationwide marketing campaign

24 MEI 18:18

Dazn to show World Sevens Football London Edition for free

Commentary

5 MEI 10:55

KPN: the art of making one-offs structural

4 MEI 14:25

Open Dutch Fiber outlook: time to restart roll-out?

20 APR 10:36

Netflix back to organic growth and doing just fine

11 FEB 12:29

Odido shareholders face tricky exit after abandoned IPO

Background

23 MEI 23:42

The week in telecom: Starlink ready to go public, Singapore telco M&A and Google courts AI subscribers at I/O

18 MEI 00:31

The week in telecom: US operators mount rural satellite challenge, Cisco cashes in on AI boom

11 MEI 00:53

The week in telecom: Lumen, NTT turn to data centre market to revive growth, Hutchison exits UK

3 MEI 23:05

The week in telecoms: big tech faces costs of AI boom and Wi-Fi market consolidates

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.