Zain Group reports 7 per cent net income rise in nine months to end-September

For the nine months to end-September 2011, the Zain Group announced consolidated revenues of KWD 988.1 million (US$ 3.58 billion), reflecting a 2.2 increase year-on-year. Net income increased to KWD 210.2 million, up seven per cent on the same nine month period in 2010. The company’s consolidated EBITDA reached KWD 444.4 million, up four per cent on the corresponding period in 2010, reflecting an EBITDA margin of 45 per cent.

Year-on-year customer growth across all Zain operations was 17 per cent, with the operator counting 41.4 million managed active customers as of end-September 2011. The Zain Group added 6.1 million new active customers over the past 12 months.