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FINANCIAL NEWS
Zain KSA continues positive results in Q2 this year
01 Aug 2017
(MENAFN) Zain Saudi Arabia posted its second consecutive quarterly revenue and its first ever, half year net profit for the period ending June 30, 2017.
For the cited period of this year, profits increased 8 percent to SR1.865mn, whereas gross profit jumped 13 percent to SR1.259mn, compared to Q2 2016.
In addition, EBITDA hit SR632mn, grew 70 percent and operational income posted SR235mn.
Moreover, the firm posted a notable 70 percent growth in EBITDA to reach SR632mn amid the cited period of this year, up from SR372mn amid Q2 of last year.
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