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Zain Bahrain Q1 profits drop 45.2%

Zain Bahrain Q1 profits drop 45.2%
Photo Credit: Arabianeye-Reuters
Zain
ZAINBH
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Mubasher: Zain Bahrain reported a decline of 45.2% in profits during the first quarter of 2017 as compared to the same period of 2016.

The net profit reached BHD 503,000 ($1.33 million) in Q1-17, compared with BHD 917,00 ($2.42 million) in Q1-16, according to a recent press release.

Zain Bahrain posted a total return of BHD 18.3 million in Q1-17, 14% higher than the same quarter of 2016.

The customer baseline increased by 5% to stand at 845,000 in Q1-17.