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FINANCIAL NEWS
Kuwait- Zain’s Q1 profit up 2%, y/y
08 May 2012
Zain’s Chairman, Asaad Al-Banwan, said that the operator was able to increase its profit in the first quarter of 2012 by two percent, year-on-year, reported Arab News.
Al-Banwan said that the company’s quarterly profit hit USD255 million, up from last year’s USD251.2 million.
As for revenues, the Chairman noted that they hit USD117,1.4 million, registering a 7 percent year-on-year increase.
The Chairman noted that such positive results were achieved despite global suffering from the effects of the financial crisis.
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