Zain Bahrain's Q1 net profit surges 10.6pc to $4m
MANAMA, 28 days
ago
Zain Bahrain, a leading telecommunications services operator in the kingdom, has recorded a net profit of BD1.53 million ($4 million) for the first quarter, up 10.6 per cent compared to last year's figures of BD1.382 million.
Announcing its financial results for the three-month period ending March 31, Zain said revenues for the same period showed a slight increase of 0.3% from BD16.464 million to BD16.507 million.
Operating profit in Q1 2021 amounted to BD1.731 million, up by 8% from BD1.603 million recorded in Q1 2020, it stated.
Zain pointed out that its earnings per share for the quarter remained steady at 4 fils. On the balance sheet level, its total equity surged 4.7% to BD74.826 million from last year's figure of BD71.458 million.