Zain Bahrain’s H1 net profit up 3%; revenue hits $88mln

Zain Bahrain’s H1 net profit up 3%; revenue hits $88mln

Bahrain - Zain Bahrain, a leading telecom services provider in the kingdom, has registered a net profit of BD2.852 million for the six-month period ended June 30, 2022, over the last year's figure of BD2.773 million.

Announcing the H1 results, Zain Bahrain said its earnings per share remained at 8fils for the six months compared to the same period recorded in 2021. Zain Bahrain generated revenues of BD33.586 million during the first six months of 2022, an increase of 3% Y-o-Y as compared to BD32.728 million for the same period in 2021.

Operating profit for the six-month period in 2022 stood at BD3.219 million compared to BD3.221 million for the same period recorded in 2021, it added.

Earnings per share for the quarter remained at 3 fils. Revenues for Q2 2022 amounted to BD16.386 million, up by 1% from BD16.220 million in Q2 2021. Operating profit for Q2 2022 amounted to BD1.469 million, a slight decrease by 1% from BD1.490 million in Q2 2021.

For the Q2 period, Zain Bahrain had reported net profit of BD2.852 million, representing a 3% increase Y-o-Y from BD2.773 million for the same period in 2021.

At the balance sheet level, Zain Bahrain's total equity as of 30 June 2022