Zain Iraq Q1 revenue suffers USD 43 mln impact from currency deregulation

Monday 10 May 2021 | 09:55 CET | News
Zain Iraq's number of subscribers reached 16.2 million in the first quarter, maintaining its market leading position.  Revenue reached USD 184 million and EBITDA amounted to USD 75 million, reflecting an EBITDA margin of 41 percent. On 19 December 2020, the Iraqi dinar was officially devalued by 19 percent from IQD 1,190 to IQD 1,470 per US dollar,  impacting revenue by USD 43 million.

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Categories: Mobile & Wireless
Companies: Zain Iraq
Countries: Iraq
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