View Full Version : Zain Group achieved a net profit of 113 million dinars in the first half

07-31-2013, 01:29 AM
Zain Group achieved a net profit of 113 million dinars in the first half

Published in: 10:08 am, July 30, 2013 (http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://www.mustaqila.com/%25D9%2585%25D8%25AC%25D9%2585%25D9%2588%25D8%25B9 %25D8%25A9-%25D8%25B2%25D9%258A%25D9%2586-%25D8%25AA%25D8%25AD%25D9%2582%25D9%2582-%25D8%25A7%25D8%25B1%25D8%25A8%25D8%25A7%25D8%25AD %25D8%25A7-%25D8%25B5%25D8%25A7%25D9%2581%25D9%258A%25D8%25A9-%25D8%25AA%25D8%25A8%25D9%2584%25D8%25BA-113-%25D9%2585%25D9%2584%25D9%258A/&usg=ALkJrhi5vGLE8xiiEuMzMrDjTMTz0ba96w) Editor: Ipa2 the (http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://www.mustaqila.com/author/jamal/&usg=ALkJrhiI7gTDipfyO8I914G5keglSq5RIA)


BAGHDAD (Independent) … A group Zain Telecom achieved a net profit of 113 million dinars in the first half of the current year profitability per share amounted to 29 fils. The Chairman of the Board of Directors in the group happiest Albanwan in a press statement today that the Group’s operations have been affected in the first six months of the current year volatile sharp exchange rate which cost the group about $ 347 million on the size of consolidated revenues and $ 150 million on the size of the profits before interest and depreciation and cost the group about $ 80 million of net profits.

He Albanwan that the group recorded consolidated revenues during the first half of the year, amounting to 612 million dinars, compared with revenues of $ 664 million dinars for the same period last year, while total profits before interest, taxes and depreciation about 265 million dinars, compared with 299 million dinars the same period of 2012.

The Albanwan that Zain Group succeeded in adding 3 million customers to its customer base during this period to reach about 4.44 million customers an increase of seven percent for the first half of last year, thanks to the development projects and expansion carried out by the group on their networks.

And the price of Albanwan support and assistance that I’ve found the group in recent decisions taken by the institutions and government agencies in both Saudi Arabia and awarded Zain Saudi Arabia whereby the option to postpone payments and the Ministry of Finance for a period of seven years and the support of the Republic of Sudan, which was granted by the Sudanese government company tax exemption for a period of three years.

In turn, the Group Chief Executive Scott said the group continues to carry out its strategic plans and to address the challenges we face in the market, and that by focusing on several key areas.

He added the Zain Group’s goal in the coming period is to become of the most efficient operators in terms of cost, in addition to intensify efforts to improve the group roaming services and access at all levels, where adopted a series of strategic initiatives in order to help raise the standards of efficiency.

He noted that data services revenues in the Group rose in the second half of this year than in the first half of this year by 19 percent, where it became Data Services, representing 13 percent of total consolidated service revenues generated by the Group’s operations.

He Jingheimer that in the framework of operations for the Group companies continued to Zain Kuwait reap the benefits of investing early network fourth generation which saw data transmission services high levels on its network where accounted for data services revenue nearly 28 percent and was able to boost its customer base, which increased the number by 11 percent to reach about 4.2 million customers.

And Zain Iraq said Jingheimer it has made significant progress in terms of put the company’s IPO and restructuring law has two commands which are also a prerequisite and essential to the process of offering (IPO) initial public and the percentage growth of customer base, Zain Iraq eight percent in the first half of the current year bringing customers to 9.13 million customers.

He added that Zain Jordan has maintained its leadership market on both the number of customers and value as the number of customers approximately 8.3 million customers, while assisted development projects and expansion we are having Zain in Saudi Arabia to add 889 thousand clients to its customer base, bringing the number to 3.8 million customers in while revenue rose by 13 percent to reach about $ 945 million. (end) P n k / C x KUNA 282 125 GMT Jul 13.

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dinar shore
07-31-2013, 05:01 AM
Isn't this amount converted to usd way less than $113,000 usd for the first six months of 2013?

07-31-2013, 02:26 PM
yeah, not impressive.