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Zain Group announces solid financial results for first nine months of 2011 as net income increases by 7%
Kuwait, 1 November 2011:
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..
Annual Report 2010
A dynamic digital Annual report can be viewed for the year 2010 whereby the company recorded a record US$3.675 billion (KWD 1.063 billion) net profit
Investor Relations Presentation
A detailed presentation to give further insight on the performance of the Zain Group and its individual country operations up to H1-2011.
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Zain Channel