Zain Q1 net income up 8% to US$198 million

Zain Group reported adding 2.1 million net additions over the last twelve months to end-March to serve 46.2 million customers at the end of the period, reflecting a five per cent growth rate year-on-year. The operator remains market leader in six of its eight markets of operation by customer numbers.

Consolidated revenues for Q1 2014 amounted to US$1.1 billion (KD 311.1 million) up 4% when compared to the same period in 2013. EBITDA for the quarter reached US$469 million, up four per cent year-on-year. Net income for the quarter amounted to US$198.4 million, reflecting an eight per cent increase year-on-year.