Zain reports $180.59m in Q4 income | Zain reports $180.59m in Q4 income -

Zain reports $180.59m in Q4 income

: Tuesday, January 28 - 2014 @ 00:07

Kuwait’s biggest telecoms operator, Zain has posted near-flat fourth-quarter profit, missing analysts’ estimates, Reuters has reported. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of KD51m ($180.59m) in the three months to December 31, compared with KD50.5m in the year-earlier period. Analysts had forecast Zain would make a quarterly profit of between KD52.1m and KD59.1m. Full-year profit for 2013 fell to KD216.4m from KD252.2m in 2012.

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Tuesday, January 28- 2014 @ 0:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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