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Wireless

Zain KSA Q3 revenue up 15% to SAR 1.78 bln

Monday 26 October 2015 | 11:28 CET | News
Zain Saudi Arabia (Zain KSA) revenues grew by 15 percent year on year to SAR 1.78 billion in the third quarter. The operating result (EBIT) reached near breakeven level, improving by 99 percent to a loss of SAR 0.9 million, while the company narrowed the operating losses in the nine months period by 85 percent to SAR 59 million. Zain KSA announced a record 69 percent growth in EBITDA during the quarter, going higher to SAR 441 million from 261 million. The EBITDA margin rose to 25 percent, from 17 percent the year before. Gross profit reached SAR 1.06 billion, up 31 percent, with a record

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Categories: Mobile & Wireless
Companies: Zain Saudi Arabia
Countries: Saudi Arabia
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