SR 1.8 million revenue from Zain in 3 months

Zain KSA announced second-quarter net income for the second quarter ending June 30 to reach RS1,846 million, a 10% increase over the first quarter of this year, which led to RS 1,686 million, pre-financing The company achieved a 25% increase in operating profit to 179 million riyals, compared with 143 million riyals in the first quarter of 2018 while it achieved growth 3% of the total profit of 1,192 million riyals (EBITDA). While reducing its losses by about 51%.

His Highness Prince Nayef bin Sultan Mah bin "The company has been working over the last period to improve its performance in general, reflecting its financial results, highlighting the concern of the Board of Directors of Increase the efficiency of performance and fulfill the roles assigned to the company as the chief operator of the Kingdom telecommunications services. For his part, Sultan bin Abdulaziz Al-Deghaither, managing director of Zain Saudi Arabia, said that during the second quarter of this year, the company achieved a growth in its operating income and EBITDA following the effective implementation of its multi-level strategy. In particular the investment in infrastructure, as well as the increased performance of postpaid and prepaid packages in voice and data services. As well as the change in customer base categories, which saw an increase in postpaid customers. As well as the preparation of a set of solutions that have contributed to the efficiency of recent spending by the company, which coincides with the nature of the conclusions of the telecommunications sector in the Kingdom and the world .

© Al Madina 2018