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Zain Group second quarter 2021 net profit grows 17% to reach
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جريدة الجريدة الكويتية | «زين» ترفع أرباحها 17% في الربع الثاني إلى 138 مليون دولار
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Zain Group Q2 2021 net profit grows 17% to reach $138 million
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Zain launches virtual 5G-ready mobile network in Iraq
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The Daily Tribune – www.newsofbahrain.com
Zain Group yesterday reported a profit for the first quarter, which the company said was impacted by the widespread disruption in economic and social activity caused by COVID-19, which was further complicated by “the recent and significant currency devaluations in Iraq and Sudan.
Zain, which served 48.5 million customers at the end of the period, said the impact of the pandemic on the business was minimal during Q1 ‘2020, given its early stage of spread at the time, “however in Q1 2021 the impact was more profound.”
The Group, a leading mobile innovator with operations in seven markets across the Middle East and Africa, generated consolidated Revenue of KD 382 million (USD 1.3 bn) in Q1, down 6% year-on-year (Y-o-Y).