Zain Bahrain net profit rises 24.3pc

Zain Bahrain yesterday  reported that its revenues totalled to BD71.112 million (US$188.127m), a slight decrease of less than 1 per cent compared to the BD71.804m (US$189.958m) recorded in 2014. Notwithstanding, the  company generated net profit amounting to BD5.147m (US$13.616m), an increase of 24.3pc compared to BD4.142m (US$10.958m) recorded in 2014, reflecting Earnings Per Share of 14 fils compared to 13 fils per share in 2014. 

The company also stated that the operational profit reached BD28.311m (US$74.897m), an increase of 6pc, compared to the results posted in 2014 which was BD26.697m (US$70.627m) in 2014, reflecting a healthy operational margin of
39.8pc. 

For the fourth quarter of 2015, Zain Bahrain recorded revenues of BD17.763m, reduced by less than 1pc from 2014 where revenues were at BD17.782m. The financial results also reflected a strong operational performance with net profits increasing by 42.4pc to reach BD1.735m compared to BD1.218m reported for the same period in 2014. The operational profit for the quarter increased by 5.4pc amounting to BD7.297m compared to BD6.922m (US$18.312m) in 2014, reflecting a strong operational margin of 41.7pc.

Zain Bahrain witnessed yearly growth in customer base to serve 795,000 active customers as of 31 December, 2015. The substantial investment in the company’s state-of the-art 4G LTE network has resulted in a remarkable growth in LTE services users by 141pc. Commenting on the company’s financial results, Zain Bahrain’s Chairman, Shaikh Ahmed Bin Ali Al Khalifa said: “Revenue growth accelerated strongly through the second half of the year, a result of a concerted focus on driving the growth of the broadband sector through the offering of appealing data packages.” 

“Zain Bahrain will remain focused to achieve operational excellence and innovation across the full spectrum of products and services. We firmly believe that our strategy will lead to increased revenues and profits as well as improve cashflow, which in return will maximize the value for our shareholders,” said Shaikh Ahmed.