Kuwait – Mubasher: Mobile Telecommunications’ (ZAIN) net profits plummeted 34% to KWD 39 million for the second quarter of 2015, with earnings per share of 10 Kuwaiti fils, the company reported.

The region’s first mobile operator added in its report that it saw KWD 80 million in net profits for the first half of 2015, delivering earnings per share of 21 Kuwaiti fils.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 43% on improved operating efficiency, while the customer base recorded 46.3 million user until the end of June 2015.

Regional telecom leader Zain pointed out that it achieved strong earnings figures despite of the fierce competition and the challenging political and economic conditions it faces within the region.

"The company will continue investing in key markets as well as focusing on further exploitation of its 3G and 4G infrastructure. Meanwhile, we are concentrating on new sources of incremental revenue in the digital space including enterprise services such as smart cities and M2M services," said Zain Group CEO Scott Gegenheimer.