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FINANCIAL NEWS
Zain KSA reports USD105m loss in Q2
19 Jul 2012
(MENAFN) Mobile Telecommunications Company Saudi Arabia (Zain KSA) said that net loss fell to USD105 million during the second quarter, reported Arab News.
The figure marks a 12-percent decline from the loss recorded in 2011’s same period of USD119.44 million.
Zain KSA gross profit dropped 23 percent to USD188.49 million, compared with USD246.08 million in the same quarter a year ago.
It is worth noting that in the first quarter of 2012, Zain KSA posted a net loss of USD111.97 million.
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