Riyadh – Mubasher: Saudi telecom firm Zain KSA, which is affiliated to Kuwaiti Zain, said net loss for the first quarter of the fiscal year 2015 narrowed by 19% to SAR 257 million, compared with SAR 318 million in the corresponding period a year earlier.

The improved results were ascribed by the company to stronger operating performance.

Q1 operating losses also narrowed by 54% year-on-year, while total revenues rose 9% y-o-y to SAR 1.678 billion, from SAR 1.546 billion in Q1-14, thanks to stronger demand for the company’s products and services.