Zain Saudi Arabia said on Wednesday its fourth-quarter net loss narrowed to 461 million riyals ($122.9 million) from 521 million riyals a year earlier, beating an analyst's forecast.
The telecoms operator said the 11 percent decline in its losses was due to lower international network call charges and lower maintenance costs, in a statement it posted on the Saudi bourse website.
The company, an affiliate of Kuwait's Zain, had been forecast by one analyst polled by Reuters to post a quarterly loss of 517 million riyals.
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