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FINANCIAL NEWS
Zain Saudi Arabia revenues increase by 7 percent
24 Apr 2016
(MENAFN) Zain Saudi Arabia proclaimed a notable improvements in its fiscal results for Q1, 2016, which increased by 7 percent in the cited quarter.
Furthermore, the revenues reached USD 0.47mn compared with USD 0.4mn in Q1, 2015, showing a 6 percent grow in revenues.
Additionally, the firm posted a 28 percent increase in EBTIDA to hit USD 118.61mn in Q1 this year, up from USD 92.76mn of 2015.
The company registered a 46 percent reduction in operating losses, to reach USD 8.52mn for Q1 2016, decline from USD 15.72mn in 2015.
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