Kuwait's Zain posted a net profit of $1.03 billon in 2011, up from $1.02 billion in the previous year, the state news agency KUNA reported on Monday.
The telecom firm made a fourth-quarter net profit of $268 million, Reuters calculated, based on the nine-month earnings report of the company. KUNA did not provide any quarterly figures.
Analysts polled by Reuters on average expected the firm to post a quarterly profit of 72.5 million dinars ($261.3 million).
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