Wednesday 13 October 2010

Kuwait telco Zain Q3 net profit soars 96 pct | Reuters

Kuwaiti mobile telephone firm Zain (ZAIN.KW), the Gulf Arab region's third-largest in the sector by market value, posted a 96 percent rise in third-quarter net profit.

Net income in the three months to Sept. 30 was 80.7 million dinars ($286 million), according to Reuters calculations. The firm did not provide quarterly figures, which Reuters calculated based on previous financial data.

The firm made a net profit of 41.19 million dinars in the third quarter last year."

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