Monday, 29 July 2013

Saudi Gazette - Kuwait Zain Q2 net profit falls 14%

Saudi Gazette - Kuwait Zain Q2 net profit falls 14%:

"Kuwaiti telecom operator Zain reported a 14 percent fall in its second-quarter net profit on Sunday to 61 million dinars ($214 million), mainly because of a currency loss in Sudan, according to Reuters calculations based on its first-half earnings statement.

Zain said it made a first-half net profit of 113 million dinars. The company had reported a first-quarter profit of 52 million dinars.

Consolidated revenues totaled 612 million dinars in the first half."

'via Blog this'

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