Zain Group reports flat Q2 results, with net income down 2%

Zain Group today reported that in Q214 to end-June the company generated consolidated revenues of KD316 million (US$1.12 billion) up two per cent year-on-year. EBITDA for the quarter amounted to US$474 million, down three per cent on Q213, resulting in an EBITDA margin for the period of 42.2 per cent. Net income for the quarter was US$209 million, down two per cent.

For the first six months of 2014, Zain Group generated consolidated revenues of US$2.23 billion, up three per cent year-on-year. The company’s consolidated EBITDA for the period reached US$943 million, reflecting an increase of one per cent. EBITDA margin stood at a 42.3 per cent at the end of the period, while net income increased by three per cent to US$407 million.

The operator added 2.1 million new active customers in the twelve months to end-June to serve 46.5 million customers, up five per cent year-on-year.