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FINANCIAL NEWS
Kuwait’s Zain reports USD395m profit in H1
29 Jul 2013
(MENAFN) Kuwait’s No.1 telecoms operator Zain posted a 14 percent decline in quarterly earnings on currency loss in Sudan, Reuters reported.
The company made USD214 million net profit in the second quarter, according to Reuters calculations based on the Zain’s first-half balance statement.
Zain said it made USD395 million net profit in the January-June period. Consolidated revenues in the period totaled USD2.14 billion.
The company said that depreciation of Sudan’s currency cost Zain USD347 million in revenues and USD80m in net profit during the first half.
The company’s base of customers expanded by 3 million over the past 12 months, raising its customer base to 44.4 million, according to Zain.
Customers increased 11 percent in Kuwait to 2.4 million, by 12 percent in Saudi Arabia to 8.3 million, and by 8 percent in Iraq to 13.9 million.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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