Zain Bahrain posts $5.7mln net profit – ZAWYA

Zain Bahrain posts $5.7mln net profit – ZAWYA

Zain Bahrain posts $5.7mln net profit | ZAWYA MENA Edition HomeMarketsEquitiesArticleZain Bahrain posts $5.7mln net profit Zain Bahrain has also invested heavily in digitalisation across all business segments    MANAMA: Zain Bahrain has reported a net profit of BD2.158 million ($5.739m) for the six months ended June 2020 (H1-2020), representing a 15 per cent decrease year-on-year (YoY) from BD2.533m ($6.737m) in the same period of 2019.Revenues for H1-2020 increased 3pc Y-o-Y to BD31m.For the period, operating profit was BD2.658m, a decrease of 14pc YoY from BD3.105m in H1-2019, with the decrease being attributed to Zain Bahrain's increased operational costs during the Covid-19 outbreak, and support of various community initiatives to support the national fight against the virus.MANAMA: Zain Bahrain has reported a net profit of BD2.158 million ($5.739m) for the six months ended June 2020 (H1-2020), representing a 15 per cent decrease year-on-year (YoY) from BD2.533m ($6.737m) in the same period of 2019.For the period, operating profit was BD2.658m, a decrease of 14pc YoY from BD3.105m in H1-2019, with the decrease being attributed to Zain Bahrain's increased operational costs during the Covid-19 outbreak, and support of various community initiatives to support the national fight against the virus.Zain Bahrain has also