Zain Bahrain Q1 net profit down 5.1% year-on-year

Zain Bahrain reported revenues of BD 17.63 million (US$46.77 million) in Q115 to end-March, down 4.16 per cent year-on-year, while net profit for the quarter amounted to BD 1.02 million, down 5.1 per cent.

The cellco’s EBITDA margin came in at 39.42 per cent, with EBITDA standing at BD 6.95 million. The company reported that the mobile broadband service customers grew by 23 per cent during Q115, with overall customer growth up one per cent year-on-year to serve 785,000 active customers as of March 31.