Zain subscribers grow 5% Y-o-Y in H112, but revenues and net income remain flat

Zain Group today reported its consolidated financial results for the half-year ended June30 , 2012, which reflected revenues of KD663.5 million (US$2.38 billion), up 0.6 per cent year-on-year. Net income for the half was also flat at KD141.9 million, also up just 0.6 per cent year-on-year.

The operator counted 41.4 million consolidated active subscribers at the end of June, an increase of 1.8 million users or five per cent over the 39.6 million counted at the same time last year. By way of comparison, Zain added 5.4 million new active subscribers over the 12 months to end-June 2011.

In terms of quarterly performance, Zain Group added 1.1 million subscribers in Q212, up from 40.3 million at the end of Q112. Consolidated revenues for the quarter amounted to KD337.5, up four per cent year-on-year, while net income amounted to KWD70.9, up one per cent year-on-year.