Zain Bahrain Q1 profit rises 3%

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Zain Bahrain announced financial results for the first quarter of 2022, reporting a net profit of BD1.574 m, representing a 3% increase from BD1.527 m for the same period in 2021. Earnings per share remained at 4 fils. Q1 Operating profit showed a slight increase of 1% from BD1.731 m to BD1.749 m.

Revenues amounted to BD17.200 m, up by 4% from BD16.507 m in Q1 2021. Zain Bahrain Chairman, Shaikh Ahmed bin Ali Al Khalifa, said, “We have begun this year on a high note, continuing the strong performance we experienced in 2021.

Zain Bahrain is now in a strong position to achieve its full potential as an integrated full-service telecommunication operator and innovator.” Chairman added, “We are the first telecom in the Kingdom to deploy new technologies such as narrowband Internet of Things (NB-IoT) and Ericsson New Carrier Aggregation (NR-NR) to use on mid-band frequency to boost the user experience and enable high data rates, which comes as part of Zain Bahrain’s ongoing commitment to enhance its 4G and 5G coverage.

We also expanded our 5G commercial services nationwide, and promoted our Fiber Broadband, offering incredible mobile experiences to customers.” “Zain Bahrain will continue pursuing digital transformation at an accelerated pace which will enable us to continue delivering a superior customer experience,” said Chairman.