Kuwaiti telecommunications giant Zain posted a 40-percent increase in net profit in the first quarter of 2011 after a boost in operating efficiency, the company said on Wednesday.
Zain posted a net profit of $251.1 million in January-March of this year compared to $179.1 million in the first quarter of 2010, it said in a statement.
"The operational efficiency drive implemented over the past 12 months has resulted in healthy growth of several key indicators," CEO Nabeel bin Salamah said.
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