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FINANCIAL NEWS
Zain Bahrain posts net profit of USD10.9m in 2014
01 Feb 2015
(MENAFN) Zain Bahrain’s total revenues in 2014 hit USD190.5 million, down 8.1 percent on the previous year’s USD207.1 million, Gulf Daily News reported.
EBITDA for the period registered USD71.09 million and USD77.15 million with percentage of 7.8 percent, reflecting a healthy margin of 36.9 percent.
Net income amounted to USD10.9 million in 2014, down 24 percent on the previous year of USD14.21 million, reflecting earnings per share of 13 fils for the 12 months ending on December 31, compared with 17 fils per share in 2013.
Zain Bahrain witnessed customer growth of 2.1 percent in 2014 to serve 788,000 customers as at December 31.
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