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FINANCIAL NEWS
Zain KSA records USD15.46m operating losses in H1
16 Jul 2015
(MENAFN) Zain KSA registered USD15.46 million operating losses for the first half of the year, marking a decrease by a significant 78 percent decrease year-on-year, Arab News reported.
The figure compares to a USD70.1 million logged for the corresponding period a year ago. However, Zain logged USD115.9 million in earnings before interest, taxes, depreciation, and amortization (EBITDA).
“I am delighted to see the continued excellent performance of the company as witnessed in these financial results. I would like to congratulate the management team on this outstanding performance,” a corporate official from Zain stated.
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