Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Zain narrows net loss to SR318m  Join our daily free Newsletter

MENAFN - Arab News - 17/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Zain saudi arabia (zain ksa) recorded a significant 45 percent rise in ebtida during the first quarter of 2014 reaching sr300 million (80 million) up from sr207 million (55 million) in q1 2013. the company also succeeded in increasing its ebtida margin to 19 percent up from 12 percent during the same quarter in the previous year.

the company reported narrowing its net loss for the period by 20 percent year-on-year (y-o-y) to reach sr318 million (85 million) at the end of q1 2014 also representing a 31 percent drop in net loss quarter-on-quarter.

data traffic continued to grow exponentially during the quarter with the number of mobile data users increasing by 56 percent year-on-year and by 32 percent as compared to q4 2013. this increase contributed to a phenomenal 68 percent rise data service revenues during q1 2014 as compared to the same period in 2013 and a 23 percent increase as compared to the fourth quarter of the previous year.

the first quarter also saw an increase in gross profit to sr799 million (213 million) and a rise in profit margin to 52 percent compared to 45 percent in q1 2013 and 50 percent in the previous quarter.

zain ksa's 4g network coverage expanded to cover 51 percent of populated areas during the quarter as a result of an increase in network locations which numbered 5918 sites at the end of the first quarter covering 94 percent of the population with voice services.

farhan bin naif al-faisal aljarbaa chairman of the board of directors said: 'zain ksa has revamped its capital structure which has helped constructively build for a brighter stronger future."

hassan kabbani ceo zain ksa stated that the company is currently focused on reinforcing its position in the market by offering the best services available and capturing opportunities in the data arena.


 


Arab News




  MENA News Headlines
 Aug 3 2015 - Saudi Kingdom Holding net profit up 12.6 percent in Q2MENAFN
(MENAFN) Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.6 percent rise in second-quarter net profit as its income increased and costs ...

 Aug 3 2015 - Saudi- Mobily swings to second-quarter net loss on Zain disputeGulf Times
(MENAFN - Gulf Times) Saudi Arabia's Etihad Etisalat (Mobily), which last week slashed 27 months of profits, swung to a second-quarter net loss yesterday that missed forecasts as it took provisions ...

 Aug 3 2015 - Qatar PPI falls 36.2% y-o-y in May on lower crude and gas pricesGulf Times
(MENAFN - Gulf Times) Led by a double-digit decline in the prices for crude and natural gas as well as refined petroleum products, basic metals and basic chemicals, Qatar's producer price index (PPI) ...

 Aug 3 2015 - UAE- ERC becomes first humanitarian organisation nationwide to receive ISOEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Emirates Red Crescent (ERC) has become the first humanitarian organisation to receive ISO certification 9001/2008 in recognition for its efforts to upgrade ...

 Aug 3 2015 - GCC property sector vulnerable on account of fall in oil pricesGulf Times
(MENAFN - Gulf Times) US home prices rose by 4.9% y-o-y in May 2015, pushed higher by an increase in sales this year. In recent months home sales improved as economy boosts hiring enabling more ...

 Aug 3 2015 - UAE- Emaar Properties records 12% growth in first halfEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Global property developer Emaar Properties PJSC recorded a net profit of AED 2.205 billion (US$ 600 million) during the first six months of 2015 (January to ...

 Aug 3 2015 - UAE- VP urges for cooperation among educational institutions, gets briefed on new academic yearEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has directed boosting a culture of integration, ...

 Aug 3 2015 - UAE- Tasneef classifies 31 ships for IrshadEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) In line with its strategy aiming to cover 50 percent of the maritime Arab classification market, Emirates Classification Society "Tasneef" and Abu Dhabi ...

 Aug 3 2015 - Mohammed bin Rashid receives Governor General of Commonwealth of AustraliaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum this evening received at Zabeel Palace the Governor ...

 Aug 3 2015 - UAE's terror fight begins at home: paperEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) In an editorial published this morning, the English-language daily newspaper Khaleej Times reacted to yesterday's announcement by the UAE government that it has ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help