Zain Bahrain’s investments and infrastructure, main drivers of growth in Q3 2021

  • Date: 20-Oct-2021
  • Source: Bizbahrain
  • Sector:Economy
  • Country:Bahrain
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Zain Bahrain’s investments and infrastructure, main drivers of growth in Q3 2021

Zain Bahrain (BSE: ZAINBH), a telecommunications industry innovator in the Kingdom, announces its financial results for the third quarter (Q3 2021) ending September 30, 2021. For the three months, Zain reported a net profit of BD1.613 million in Q3 2021, reflecting a steady 4% increase year-on-year (Y-o-Y) from a net profit of BD1.549 million for the same period in 2020. Earnings per share for Q3 2021 remained at 4 fils per share similar over the same period in 2020. Revenues for Q3 2021 amounted to BD15.291 million, a 3% increase as compared to BD14.833 million in Q3 2020. Operating profit in Q3 2021 saw an increase of 5% to BD1.825 million, as compared to BD1.746 million recorded in Q3 2020. The steady profit and revenue increase was a result of further network expansion, investment in pioneering and first-to-market technology, and consistent product and service innovation to meet user demand. During Q3, Zain Bahrain accelerated its product and service offerings to meet increasing digital market needs, and focused on providing a seamless user experience in new housing areas in the Kingdom. For the nine-month period ending September 30, 2021 year-to-date (YTD), Zain Bahrain reported net profit of BD 4.387 million, representing