Zain Bahrain reports Q2 and H1 profits

TDT | Manama

The Daily Tribune - www.newsofbahrain.com   

Zain Bahrain, a telecommunications industry innovator in the Kingdom, announced its financial results for the second quarter (Q2 2024) and 1st Half of 2024.

Q2 results

The operator reported a net profit of BD 1.35 million for the three months ended 30 June 2024, representing an increase of 2.6% from BD 1.32 m in Q2 2023.

Earnings per share remained stable at 4 fils. EBITDA for Q2 2024 increased by 11.9% reaching BD 6.09 m from BD 5.44 m in Q2 2023. Revenue for Q2 2024 remained stable at 18.93 m compared to Q2 2023.

For the six months ended 30 June 2024, Zain Bahrain reported net profit of BD 2.42 m, representing a 11.9% decrease from BD 2.75 m in H1 2023. Earnings per share for H1 2024 is 7 fils compared to 8 fils in H1 2023.

EBITDA for H1 2024 increased by 7.6% to BD 11.79 m from 10.96 m for the same period in 2023. Revenue for H1 2024 reached BD 38.44 m, an increase of 3.5% compared to BD 37.12 m for the same period in 2023.

Zain Bahrain Chairman, Shaikh Ahmed bin Ali Al Khalifa said, “I am pleased to announce that during this quarter, Zain Bahrain has significantly expanded its business solution offerings, embraced innovative solutions, and launched a range of consumer and enterprise services.”

Zain Bahrain Chairman continued, “As we move forward, I am confident that Zain Bahrain will continue to thrive and excel in the ever-evolving landscape of telecom and fintech, unlocking economic opportunities, improving financial well-

being, and driving sustainable future growth. Zain Bahrain’s commitment to innovation, excellence, and customer experience is unwavering, and we are poised to grasp new opportunities and overcome challenges with resilience and determination,” concluded the Zain Bahrain Chairman.