Home Page ContentPress Releases Zain announces robust Q1, 2011 financial results as net income soars 40%

Zain announces robust Q1, 2011 financial results as net income soars 40%

by david.nunes

Zain announces today its consolidated financial results for the quarter ended 31 March, 2011. The results showed robust growth in several key performance indicators:

Q1, 2011 Key Performance Indicators

Total Managed Active Customers

37.6 million               up 20% on Q1, 2010

Consolidated Revenues

KWD 324.4 million  (US$ 1.163 billion)


KWD 147.7 million  (US$ 529.7 million)


46% (up 4 percentage points)


KWD 105.9 million  (US$ 379.9 million)

Net Income

KWD 69.9 million    (US$ 251.1 million)


KWD  0.018              (US$ 0.06)

Commenting on the results, the Chairman of the Board of Directors of Zain, Mr Asaad Al Banwan said: “These impressive results justify the many prudent decisions recently adopted by the Board and the executive management. The company has reengineered itself, focusing on maximising shareholders’ value while at the same time providing customers with a wonderful mobile experience. The impressive 40% net income growth and earnings per share of 18 fils, coupled with customer growth of 20%, indicates we on the right track. ”

To read the complete press release available in English and Arabic, please click here

Issued by Zain Group Corporate Communications Department

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