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FINANCIAL NEWS
Kuwaiti Zain profit drop 12.7 percent
12 Nov 2013
(MENAFN) Kuwait’s Zain posted a net profit drop of 12.7 percent in the third quarter of this year, Times of Oman reported.
The giant telecom company’s net profit in the period dropped to USD186 million, versus USD213 million.
Zain Group CEO said: “Unavoidable foreign currency fluctuations continue to affect us adversely, however we are unwavering in our transformation efforts in this changing telecom environment that is characterised by intense competition.”
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