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Zain Q3 Group net profit up 7% to $327million, customers reach 56.3 million, an increase of 54%
Kuwait–22 October 2008:
Zain, the leading mobile telecommunication operator in the Middle East and Africa present in 22 countries, announces today its consolidated financial results for the third quarter of 2008.
For the third quarter of 2008, Zain Group recorded consolidated revenues of US$1.887 billion, an increase of 25% compared to Q3-2007. The company’s consolidated EBITDA increased by 20% for the same period to reach US$ 763.6 million. Zain consolidated net profits reached US$ 326.6 million, an increase of 7% on Q3-2007 profits.
It was a challenging period highlighted by US$ 4.5 billion capital raising, launch of services in the Kingdom of Saudi Arabia, the rebranding of African operations and ‘One Network’ expanded to link two continents.
Annual Report 2007
Zain witnessed significant growth in 2007, recording a 57% increase in customers, a 32% increase in revenues and a 11% increase in net income.
Investor Relations Presentation
A presentation to give further insight on the performance of the Zain Group and its Middle Eastern and African operations up to H1-2008.
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