Kuwait - Mubasher: Mobile Telecommunications Co. (Zain) reported a 14% increase in net profits in the second quarter of 2016, to KWD 45 million ($148 million), while total revenues reached KWD 275 million ($912 million).
Profits rose 2% in the first half of the year to KWD 82 million ($272 million) compared to KWD 80 million ($269 million) in the same period last year, according to the company’s statement to the Kuwait Stock Exchange (KSE) on Sunday.
Zain noted having the biggest market share in 5 markets, by maintaining its client base which reached 45.2 million subscribers.
On Sunday, Zain recorded the highest turnover on the KSE with 3.16 million traded shares. The stock ended the session down, slipping 1.5% closing at 330 fils per share.
