Zain Group net profit down by 38% in Q215

Zain Group announced its consolidated financial results for the six months ended June 30, 2015.

Active customers served reach 46.3 million as at the end of the period, and for the second quarter of 2015, the company announced generating consolidated revenues of US$940 million (KD 283 million).

EBITDA for the quarter reached US$411 million, resulting in an EBITDA margin of 44 per cent. Net income for the quarter reached US$130 million, down 37.7 per cent year-on-year.

For the first six months of 2015, Zain Group generated consolidated revenues of US$1.9 billion, down 15 per cent year-on-year in USD terms (down 10 per cent year-on-year in KD terms). The Group’s consolidated EBITDA for the period amounted to US$806 million, down 14 per cent year-on-year in USD terms (down nine per cent in KD terms). EBITDA margin stood at 43 per cent at the end of the period.

Consolidated net income reached US$269 million, down 34 per cent year-on-year.