Zain Group revenues fall 2% in Q4

Wednesday 24 February 2021 | 09:54 CET | News
Zain Group's revenue decreased by 2 percent to KWD 432 million in the fourth quarter from the same period in 2019. EBITDA fell by 10 percent year on year to KWD 172 million, reflecting an EBITDA margin of 40 percent. Net income declined by 16 percent to KWD 54 million, representing earnings per share (EPS) of KWD 0.13. The foreign currency translation impact was USD 33 million on group revenue, USD 14 million on EBITDA and USD 7 million on net income.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Zain Group
Countries: Middle East
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Zain Sudan FY revenue rises 62 percent, customer base up 4%

Published 24 Feb 2021 10:54 CET | Sudan
Zain Sudan lifted full-year revenue in 2020 to SDG 22.5 billion (USD 416 million), a 62 percent increase in Sudanese pounds and a ...

Zain Iraq FY revenue reaches USD 943 mln

Published 24 Feb 2021 10:45 CET | Iraq
Zain Iraq's revenue reached USD 943 million in the year ended 31 December 2020 and EBITDA amounted to USD 378 million, reflecting ...

Zain Jordan reaches 3.5 mln subscribers in 2020

Published 24 Feb 2021 10:43 CET | Jordan
Zain Jordan's number of subscribers reached to 3.5 million as at 31 December 2020 maintaining its market leading position....

Zain Group launches esports brand, runs FIFA PS4 tournament

Published 01 Dec 2020 14:51 CET | Middle East
Zain Group has announced the launch of the 'Zain esports' brand, marking the beginning of a year-long calendar of regional online ...

Zain Group CEO for operations Gegenheimer resigns

Published 05 Nov 2020 10:25 CET | Middle East
Zain Group chief executive officer in charge of operations, Scott Gegenheimer, will be leaving his position at Zain after eight ...

Zain Group revenue falls 1% in Q3, customer base holds steady

Published 04 Nov 2020 09:14 CET | Middle East
Zain Group reported third-quarter revenue of KWD 408 million, down 1 percent annually. EBITDA reached KWD 166 million, a decrease ...

Zain Group revenue, EBITDA fall 7% in Q2

Published 16 Jul 2020 09:30 CET | Kuwait
Zain Group's revenue decreased by 3 percent to KWS 787 million in the first six months of 2020. EBITDA fell 5 percent ...

Calendar   /   Industry Events

21 Apr Ericsson Q1 2021
21 Apr Vivendi Q1 2021
21 Apr Orange Belgium Q1 2021
21 Apr Verizon Q1 2021
21 Apr Rogers Communications Q1 2021
21 Apr HKBN H1 results
21 Apr Crown Castle Q1 2021
21 Apr Netgear Q1 2021
21 Apr Elisa Q1 2021
21 Apr Proximus AGM
22 Apr Tele2 Q1 2021
22 Apr Orange Q1 2021
22 Apr Intel Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Snap Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr AT&T Q1 2021
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr Alphabet Q1 2021
27 Apr Siminn Q1 2021
27 Apr Juniper Networks Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
27 Apr Sequans Q1 2021
27 Apr Corning Q1 2021
27 Apr Calix Q1 2021
::: More Calendar Items