Indebted telecoms operator Zain Saudi reported a narrowing second-quarter loss on Wednesday, in line with analyst forecasts.
Saudi Arabia's No.3 telecoms operator, an affiliate of Kuwait's Zain, made a net loss of 349 million riyals ($93.1 million) in the three months to June 30. This compares with a net loss of 448.2 million riyals in the year-earlier period.
Five analysts polled by Reuters on average forecast Zain Saudi would make a quarterly loss of 350 million riyals.
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