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Zain records 8% rise in Q4 net income, but 21% slide for the full-year

Zain Group today reported that for the fourth quarter of 2015 to December 31, the operator recorded consolidated revenues of KD283 million (US$933 million), down three per cent year-on-year in local currency. EBITDA for the quarter amounted to KD127 million, up 7.6 per cent in KD terms for the quarter, reflecting an EBITDA margin of 45 per cent. Net income for the quarter amounted to KD36 million, up eight per cent year-on-year.

For the full-year 2015, Zain Group generated consolidated revenues of KD1.14 billion, down six per cent year-on-year, while consolidated EBITDA for the year reached KD499 million. Consolidated net income was down to KD 154 million, reflecting a 21% slide year-on-year.

Zain served 45.6 million customers at the end of the period, reflecting a three per cent increase year-on-year.

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