Zain Group generated revenues of KD 855 million (USD 2.8 billion) and recorded net income of KD 118 million (USD 394 million) for first nine months of 2015

Zain Group generated revenues of KD 855 million (USD 2.8 billion) and recorded net income of KD 118 million (USD 394 million) for first nine months of 2015.Total customers served stands at 45.6 million, Substantial investments in 3G and 4G LTE networks continue to pay off as data revenues surge by an impressive 14%, representing 20% of total Group revenues.

Instability in Iraq, unavoidable Forex impacts, and additional amortization on 3G & 4G licences in both Iraq and Jordan affect key financial indicators.

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Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the nine-month and third-quarter period ended 30 September 2015.

Zain Group serves 45.6 million customers as of 30 September 2015, a 4% increase when compared to the same period in 2014.

Group Key Performance Indicators (USD and Kuwaiti Dinars) for the first nine-months 2015

Consolidated Revenues  KD 855 million      –  USD 2.8 billion 
EBITDA   KD 372 million      –  USD 1.2billion     
EBITDA Margin  43.5%    
Net Income  KD 118 million      –  USD 394 million       
EPS  30 fils                     –  USD 0.10  

Nine months ended 30 September, 2015 comparative results

For the first nine months of 2015, Zain Group generated consolidated revenues of KD 855 million (USD 2.8 billion), while consolidated EBITDA for the period reached KD 372 million (USD 1.2 billion), down 4% year-on-year (YoY), reflecting a healthy EBITDA margin of 43.5%. Consolidated net income reached KD 118 million (USD 394 million), reflecting a 27% Y-o-Y decrease. Earnings Per Share amounted to KD 0.030 (USD 0.10) for the nine-month period.

Source : Zain Kuwait

 

 

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