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FINANCIAL NEWS
Kuwaiti telecom firms revenues jump to 1.8pct
14 Aug 2016
(MENAFN) Kuwaiti telecommunication firms posted a 1.8 percent growth in net profits in the second quarter of this year.
Additionally, the four telecom firms, VIVA, Zain, Ooredoo and Hits Telecom recorded USD212.54mn in the cited quarter this year, compared to USD208.7m in Q2, 2015.
Moreover, Mobile Telecom Co. (Zain) posted a 14 percent increase in net profits in the same quarter of 2016, to USD148mn from USD129.69mn in Q2 of last year.
Meanwhile, the four companies recorded KWD121.7mn profits in the cited period of the recent year, compared to KWD117.25m in the year-ago period.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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