Zain Bahrain Announces its Financial Results for Q3 and nine-month period ended 30 September 2024

TDT | Manama

Email: mail@newsofbahrain.com

Zain Bahrain (Ticker: ZAINBH), a leading telecommunications provider in the Kingdom, announced its financial results for the nine months ended 30 September 2024 including the third quarter (Q3 2024).

For Q3 2024, Zain Bahrain reported a net profit of BD 1.62 million, representing an increase of 0.8% from BD 1.61 million in Q3 2023. Earnings per share remained stable at 4 fils. In addition, Zain Bahrain reported revenue of BD 19 million, representing an increase of 13.5% from BD 16.74 million in Q3 2023. EBITDA for Q3 2024 increased by 11% reaching BD 6.35 million from BD 5.72 million in Q3 2023.

For the nine months ended 30 September 2024, Zain Bahrain net profit reached BD 4.04 million, representing a 7.2% decrease from BD 4.36 million in the same period as in 2023. Earnings per share stood at 11 fils, compared to 12 fils in 2023. The company has reported an increase of 6.6% in revenue reaching BD 57.44 million, compared to BD 53.87 million for the same period in 2023. EBITDA for the nine months ended 30 September 2024 increased by 8.8% reaching BD 18.14 million, from BD 16.68 million during the same period in 2023.

Zain Bahrain's balance sheet remains strong with a total equity of BD 86.30 million at the end of Q3 2024, compared to BD 85.66 million for the year ended 31 December 2023, an increase of 0.8%. The operator's assets as of 30 September 2024 stood at BD 130.60 million, a decrease of 5.1% from BD 137.63 million as of 31 December 2023.