Zain Bahrain reports 3.1% rise in annual net profit to BD 5.572 million

Zain Bahrain reports 3.1% rise in annual net profit to BD 5.572 million

Zain Bahrain (BSE: ZAINBH), a telecommunications industry innovator in the Kingdom, announced its financial results for the fourth quarter (Q4 2021) and full year ended 31 December 2021. For Q4 2021, Zain Bahrain reported a net profit of BD 1.185 million, compared to BD 1.699 million for the same period in the previous year, a difference of 30%. Earnings per share fell to 3 fils from 5 fils. Revenue, meanwhile, stood at BD 16.765 million, representing a 6.5% increase from BD 15.739 million. Operating profit for the three-month period reached BD 1.403 million, down 27.5% from BD 1.926 million in Q4 2020. Meanwhile, the company reported a 3.1% increase in net profits to BD 5.572 million for the year ended 31 December 2021, up from BD 5.405 in the previous year. Earnings per share held steady at 15 fils with revenues amounting to BD 64.784 million, a 4.5% jump from BD 61.992 million in 2020. Operating profits, meanwhile, saw a 1.7% rise to BD 6.45 million, compared to BD 6.34 million. At the balance sheet level, Zain Bahrain’s total shareholders’ equity as at 31 December 2021 amounted to BD 78.87 million, up by 4.5% from BD 75.482 million at the