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Zain adds 1.4 mln new customers in Q1
2013-05-09 08:47:00| Telecompaper Headlines
(Telecompaper) Middle East mobile operator Zain Group recorded revenues of USD 1.06 billion and EBITDA of USD 449 million for the first quarter. Comparative figures were not provided. Net profit reached USD 184 million, a 3 percent increase on the fourth quarter of 2012. Zain said adverse currency effects in Sudan cost the company the equivalent of USD 179 million in revenues, USD 76 million in EBITDA and USD 44 million in net profit for the quarter. The group added 3.9 million new active customers over the past 12 months and 1.4 million in the first quarter alone, for a total 44.1 million at the end of March. Zain said that all group companies were performing well in local currency terms, and despite intense competitive challenges, attaining the targets set at the beginning of the year.
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Category:Telecommunications