Zain 9M profits likely to grow 6% – Analyst

Mubasher: Mobile Telecommunications (Zain Group) is forecast to achieve profits valued at KWD 129 million ($427 million) from January to September 2018 compared to KWD 122 million ($404 million) in the same period a year ago, capital market analyst Ahmad Jassim Al Qamr told Mubasher on Thursday.

In the first half of 2018, Zain reported an increase of 5.1% in earnings to KWD 86.45 million when compared to KWD 82.29 million in the corresponding period last year.

During fiscal year 2017, Zain registered a slight rise of 0.8% in profits to KWD 160 million from KWD 158.7 million in FY16.

MUBASHER Contribution Time: 27-Sep-2018 07:55 (GMT)
MUBASHER Last Update Time: 27-Sep-2018 08:19 (GMT)