Zain Bahrain six month's net profit up 9 per cent to BD2.5m
Manama, July 31 -- Zain Bahrain reported a net profit of BD2.533 million (US$6.701 million) for the six months ending 30 June 2019, representing a 9% increase year-on-year (Y-o-Y) from BD2.332 million (US$6.169 million) in the same period of 2018.
Operating profit increased 34% Y-o-Y from BD2.324 million (US$6.148 million) in H1 2018 to BD3.106 million (US$8.217) in H1 2019, with these positive results being attributed to increased efficiency and cost optimization initiatives in addition to a growth in the company's consumer and Enterprise segment portfolios. Zain Bahrain also continues to progress its digital transformation initiatives.
The growth in profit for H1 2019 was achieved despite a 7% decline in revenue to BD30.547 million (U...
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