Zain KSA narrows FY15 losses on high gross profits

Riyadh-Mubasher: Zain KSA posted net losses of SAR 291 million for the fourth quarter of 2015, down 5% compared with SAR 306 million in the same period of 2014.

Net losses for the 12-month period fell 23% year-on-year from SAR 1.2 billion to SAR 972 million.

The telecom operator attributed the loss decline to the continued rise in gross profits.

Mubasher Contribution Time: 21-Jan-2016 05:58 (GMT)