Zain Saudi Arabia reduces Q115 quarterly loss to US$68.5 million

Zain Saudi Arabia announced a 27 per cent increase in EBITDA to SAR348 million (US$93 million) quarter-on-quarter, with the telco’s EBITDA margin rising to 21 per cent in Q115, up from 17 per cent in the previous quarter.

Revenues were up nine per cent year-on-year to SAR 1.678 billion in Q1, and by six per cent quarter-on-quarter, reflecting a gross margin of 52 per cent.

Improving profitability reduced Zain Saudi’s net loss for the quarter by 19 per cent year-on-year to SAR 257 million, and 16 per cent quarter-on-quarter.

Mobile broadband customer numbers increased by 135 per cent during the quarter.