Zain Bahrain reports BD1.43m Q1 profit

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

Zain Bahrain, a telecommunications industry innovator in the Kingdom, reported a first-quarter net profit of BD 1.43 million, representing a reduction of 8.9% from BD 1.57 m in the year-ago quarter.

Earnings per share for the quarter remained at 4 fils. Q1 Operating profit decreased 11% to BD 1.56 m from BD 1.75 m.

Revenues rose 5.6% to BD 18.17 m from BD 17.20 m in the prior-year quarter.

Commenting on the results, Zain Bahrain Chairman, His Excellency Shaikh Ahmed bin Ali Al Khalifa said, “In this first quarter, Zain Bahrain has once again delivered a solid performance with higher revenues, and the confirmation that the telco is on track to achieve its 2023 target.

We continue to create value by concentrating on our fundamentals while improving efficiency and customer experience.”

“Zain Bahrain will continue pursuing digital transformation at an accelerated pace, enabling it to continue delivering a superior customer experience, invest in the latest technologies, and enhance its 4G and 5G network across many newly developed areas in the Kingdom.

Today, we have a solid base from which to put our new strategic plan into action, working together and with determination”, added Chairman.