0
Wireless

Zain KSA posts drop in Q1 profit as sales fall 2.6%, costs increase

Monday 4 May 2020 | 09:16 CET | News
Zain Saudi Arabia said its net profit reached SAR 105 million in the first quarter, the same as the previous quarter's net profit and down from SAR 129 million a year earlier. Revenue fell slightly on a quarterly and annual basis to SAR 2.04 billion, and EBITDA was SAR 939 million, resulting in a margin of 46 percent. 

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.

Subscriptions

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 / Zain Saudi Arabia
Countries: Saudi Arabia
::: 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.


Related

Zain Saudi Arabia net profit increases to SAR 164 mln in H1

Published 15 Jul 2020 10:46 CET | Saudi Arabia
Zain Saudi Arabia's net profit increased to SAR 164 million in the first six moths to 30 June. Revenues amounted to SAR 3.93 ...

Zain KSA wins Speedtest award for fastest fixed network Q1-Q2

Published 07 Jul 2020 13:11 CET | Saudi Arabia
Zain KSA said it has been recognised as runner of the fastest fixed network in Saudi Arabia by Ookla. The operator achieved an ...

Zain KSA launches Zain Cloud with AliBaba

Published 13 May 2020 11:19 CET | Saudi Arabia
Zain KSA said it has launched the Zain Cloud service for businesses, SMEs, entrepreneurs and government sectors in partnership ...

Zain KSA announces initiatives for customers during Covid-19 crisis

Published 17 Apr 2020 09:57 CET | Saudi Arabia
Zain KSA announced several initiatives to enable its customers to stay connected during the Covid-19 pandemic. The firm has ...

Zain KSA announces 28% capital cut

Published 12 Feb 2020 09:47 CET | Saudi Arabia
Zain Saudi Arabia's board plans to amend its recommendation to reduce its capital, reports Mubasher. The capital will be reduced ...

Zain KSA FY revenue rises 11%, EBITDA increases 27%

Published 05 Feb 2020 13:27 CET | Saudi Arabia
Zain KSA revenues increased by 11 percent year-on-year to SAR 8.4 billion in 2019 compared with SAR 7.5 billion in  2018. EBITDA ...

Zain Saudi Arabia revenue up 12.3% in 9 months

Published 28 Oct 2019 09:04 CET | Saudi Arabia
Zain Saudi Arabia's revenues increased to SAR 6.16 billion in the first nine months to 30 September, up 12.3 percent compared ...

Zain Saudi posts H1 net profit of SAR 260 million after loss year earlier

Published 15 Jul 2019 09:21 CET | Saudi Arabia
Zain Saudi Arabia's net income increased to a record-high SAR 260 million in the first six months of 2019, after a SAR 115 ...





Calendar   /   Industry Events

03 Aug RingCentral Q2 2020
03 Aug Harmonic Q2 2020
03 Aug SBA Communications Q2
03 Aug WoW! Q2 2020
03 Aug Liberty Global Q2 2020
03 Aug NTT Docomo fiscal Q1
03 Aug Cirrus Logic Q1
03 Aug Ceragon Networks Q2
04 Aug Arista Networks Q2 2020
04 Aug Softbank fiscal Q1
04 Aug TIM Q2 2020
04 Aug Inphi Q2 2020
04 Aug Otelco Q2 2020
04 Aug Allot Q2 2020
04 Aug Twilio Q2 2020
04 Aug Boingo Wireless Q2 2020
04 Aug NeoPhotonics Q2 2020
05 Aug Smith Micro Software Q2 2020
05 Aug Inseego Q2 2020
05 Aug Infinera Q2 2020
05 Aug Fitbit Q2 2020
05 Aug Roku Q2 2020
05 Aug Ribbon Communications Q2 2020
05 Aug Magyar Telekom Q2 2020
05 Aug Extreme Networks fiscal Q4
05 Aug Zynga Q2 2020
05 Aug Dasan Zhone Solutions Q2 2020
05 Aug Dialog Semiconductor Q2 2020
05 Aug CenturyLink Q2
05 Aug Samsung Galaxy Unpacked event
::: More Calendar Items