Financial Highlights
Zain's consolidated financial results for the half year ending 30 September 2011 showed a healthy growth in several key performance indicators. It’s important to note that the below mentioned net profit and percentage growth result excludes and does not take into account the capital gain from the sale of the Zain Africa assets that was concluded on June 8, 2010.
H1, 2011 Key Performance Indicators
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Total Managed Active Customers
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39.6 million up 16% on H1, 2010
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Consolidated Revenues
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KWD 659.4 million (US$ 2.381 billion)
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EBITDA
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KWD 293.1 million (US$ 1.058 billion)
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EBITDA Margin
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44% (up 1 percentage point)
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EBIT
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KWD 210 million (US$ 758.3 million)
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Net Income
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KWD 140.2 million (US$ 506.5 million)
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EPS
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KWD 0.036 (US$ 0.13)
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For the first nine months of 2011, the Zain Group recorded consolidated revenues of KWD 988.1 million (US$ 3.582 billion), reflecting a positive 2.2% increase on the same period in 2010. The period saw net income increase to KWD 210.2 million (US$ 762.5 million), an impressive 7% increase on the same nine month period in 2010. The company’s consolidated EBITDA reached KWD 444.4 million (US$ 1.611 billion) up 4% on the corresponding period in 2010, reflecting an EBITDA Margin of 45% (up one percentage point) with EBIT of KWD 319.9 million (US$1.160 billion), a 3% increase on the corresponding period in 2010. The earnings per share reached 54 fils (US$0.20).
Year-on-year customer growth across all Zain operations was 17%. As of September 30, 2011, the company was serving 41.4 million managed active customers. The Zain Group has added 6.1 million new active customers over the past 12 months.
To view the Q3, 2011 financial results media release, please
click here.
To view our annual and quarterly reports and statements over the years, and for more details on our financial performance visit the Investor Relations section.
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