Zain Group net income down by double-digit percentage for 2012

Zain Group today reported that for the full-year 2012 the operator recorded consolidated revenues of KD 1.28 billion (US$4.58 billion), a decrease of three per cent compared to the 12 months in 2011. The company’s consolidated EBITDA decreased by five per cent for the year, reaching KD 570.7 million, and reflecting an EBITDA margin of 44.59 per cent.

Consolidated net income reached KD 252.1 million, representing an 11.5 per cent decrease year-on-year.

Zain Group’s consolidated customer base grew by six per cent and stood at 42.714 million active customers across all operations at the end of 2012. The group added 2.451 million new active customers during the year.