Zain Group revenues up 55% in Q3 on Saudi consolidation

Wednesday 7 November 2018 | 15:04 CET | News
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Middle East mobile operator Zain Group said its revenues increased by 55 percent to KWD 403 million in the third quarter, and EBITDA reached KWD 155 million, an increase of 48 percent year-on-year, giving a 38 percent EBITDA margin. The growth was supported by Zain Saudi Arabia becoming a consolidated subsidiary during the third quarter. This contributed an additional USD 521 million in revenues and USD 194 million in EBITDA for Q3 2018. 

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Categories: Mobile & Wireless
Companies: Zain Group / Zain Iraq / Zain Kuwait / Zain Saudi Arabia / Zain Sudan
Countries: Middle East
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