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FINANCIAL NEWS
Saudi Zain revenues up 5 percent to USD0.45bn
31 Jul 2016
(MENAFN) Zain Saudi Arabia continued growing its revenues and local profit for Q2 this year, compared to the same period last year, which reached USD0.45bn.
Furthermore, the firm also posted gross profits, reaching USD0.29mn for the cited quarter of 2016 with a gross margin of 64 percent.
Meanwhile, the company also posted an USD99.11mn amid Q2 2016 and USD217.6mn for the six months’ period up 4 percent from USD208.34mn of 2015.
On the other hand, the firm showed an improvement, while the whole market conditions are challenging for all participants.
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