Zain Bahrain Annual net profit rises 2.6% to reach BD5.71 million
- Date: 23-Feb-2023
- Source: Bizbahrain
- Sector:Financial Markets
- Country:Bahrain
Zain Bahrain Annual net profit rises 2.6% to reach BD5.71 million
Zain Bahrain, trading symbol (ZAINBH), a leading telecommunications provider
in the Kingdom, announced its financial results for the fourth quarter (Q4 2022) and full year ended 31
December 2022.
For Q4 2022, Zain Bahrain reported a net profit of BD1.28 million representing an 8% increase compared to
BD1.19 million for the same period in the previous year. Earnings per share for Q4 2022 jumped to 4 fils
compared to 3 fils in Q4 2021. Revenue, meanwhile, stood at BD16.81 million, representing a 0.2% increase
compared to BD16.77 million for the same period in the previous year. Operating profit for Q4 2022 reached
BD1.43 million, up by 2% from BD1.40 million in Q4 2021.
The company reported a 2.6% increase in net profits to BD5.71 million for the year ended 31 December 2022,
compared to BD5.57 million in the previous year. Earnings per share stood at 16 fils for the year ended 31
December 2022, a 2.6% increase from 15 fils compared to the previous year. Revenue generated in 2022
amounted to BD67.36 million, a 4% jump from BD64.78 million in 2021. Operating profits remained stable
at BD6.45 million.
Zain Bahrain’s total equity as of 31 December 2022 amounted to BD83.18 million, up by 5.5% from BD78.87
million at the end of 2021. The Company’s