Zain revenue rises 15.7%: Bahrain

Zain revenue rises 15.7%: Bahrain

Zain Bahrain has reported a net profit of BD1.32 million for the second quarter (Q2 2023), representing an increase of 3.2 per cent year-on-year compared to BD1.28m in Q2-2022. Earnings per share remained stable at 4 fils. EBITDA for Q2 2023 increased by 1.7pc reaching BD5.44m compared to BD5.35m in Q2-2022. Revenue for Q2 2023 increased by 15.7pc reaching BD18.95m compared to BD16.39m in Q2-2022. Data revenue for Q2-2023 increased by 8.6pc compared to Q2-2022. Zain Bahrain added 127,000 customers to serve a total of 1.14m, a 12.5pc year-on-year growth. For the six months ended June 30, 2023, Zain Bahrain reported net profit of BD2.75m, representing a 3.6pc decrease from BD2.85m in the same period as in 2022. Earnings per share stood at 8 fils, the same as in 2022. EBITDA for the six months ended 30 June2023 remained relatively stable. Revenue for the first six-months of 2023 reached BD37.12m, an increase of 10.5pc compared to BD33.59m for the same period in 2022. Data revenue for the first six months of 2023 increased by 7pc compared to the same period in 2022. With regards to Zain Bahrain’s balance sheet, the total equity at the end of Q2-2023 is BD82.64m, compared