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Zain Bahrain’s Q4 profits shoot up 42.4%

Zain Bahrain’s Q4 profits shoot up 42.4%
Photo Credit: Arabianeye-Reuters
Zain
ZAINBH
6.40% 0.13 0.01

Mubasher: Zain Bahrain achieved earnings worth BHD 1.753 million ($4.590 million) in the fourth quarter of 2015 as compared to BHD 1.218 million ($3.222 million) in the same quarter of 2014, a surge of 42.4%.

The telecom operator said in a bourse statement that operating profits rose 5.4% to BHD 7.297 million ($19.304 million) in Q4-15, compared to BHD 6.922 million ($18.312 million) in Q4-14.

Meanwhile, Zain Bahrain reported 24.3% increase to BHD 5.2 million ($13.616 million) in the fiscal year 2015, compared to BHD 4.142 million ($10.958 million) in the fiscal year 2014.

Earnings per share levelled up to 14 fils in FY15 from 13 fils.

During FY15, operating profits grew 6% to BHD 28.311 million ($74.897 million) from BHD 26.697 million ($70.627 million).

Zain Bahrain noted that its customers base has widened to reach about 795,000 subscribers by the end of December, 2015.