Zain Bahrain Annual net profit rises 2.6% to reach BD5.71 million

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