Zain reports 8% growth in Q1 earnings

April 24, 2014 12:48 pm

Kuwait’s biggest telecoms operator by subscribers, Zain has posted an 8% increase in first-quarter profit, beating analysts’ estimates, Reuters has reported. Zain, which operates in eight countries in the Middle East and Africa, made a net income of KD55.9m ($198.5m) in the three months to March 31, compared with KD52m in the first three months of 2013. Analysts had forecast Zain to post a quarterly profit between KD50m and KD53.3m.