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Zain Group Nine Months 2009 results: Revenues reach KWD 1.78 billion ($6.169b) up 24% , EBITDA up 37% to KWD 757.3 million ($2.624b), customers reach 71.8 million, up 28%
Kuwait–15 November 2009:
Zain, the leading mobile telecommunication operator in the Middle East and Africa with a commercial presence in 24 countries, announces today its consolidated financial results for the first nine-months ending September 30, 2009.
For the period, For the first nine months of 2009, Zain Group recorded impressive consolidated revenues of KWD 1.78 billion (US$6.169 billion), an increase of 24% compared to the first nine months of 2008. The company’s consolidated EBITDA increased by 37% for the same period to reach KWD 757.3 million (US$2.624 billion) with EBIT rising 33% to reach KWD 454.9 million (US$1.576 billion). Consolidated Net Income reached KWD 195.7 million (US$677.1 million), a decrease of 17%. The earnings per share for the nine months period stood at KWD 0.051 fils (US$0.18).
Year-on-year customer growth on the two continents across which Zain operates was 28%, whereby the company is serving 71.8 million managed active customers as of September 30, 2009.
Annual Report 2008
Zain witnessed significant growth in 2008, recording a 50% increase in customers, a 26% increase in revenues and a 6% 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 H1-2009.
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