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FINANCIAL NEWS
Saudi Zain posts 8pct increase in revenues
22 Jan 2017
(MENAFN) Zain Saudi Arabia recorded an 8 percent increase in profits to reach SR1.801mn in Q4 2016, up from SR1.672mn a year earlier.
Additionally, gross profits for the cited period reached SR1.142mn, up 7 percent compared to SR1.065mn in the same period of 2015.
Moreover, the firm posted a notable 21 percent increase in EBITDA in Q4, 2016 to reach a record SR490mn, up from SR405mn amid the same quarter of 2015.
However, net losses for the period were narrowed by 54 percent to SR135mn, down from SR291mn amid the same quarter of 2015.
M
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