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Al Barrak: Kuwaiti ZAIN’s revenues grew by %24 in the first half of the current year

2009-07-22

Ramallah- Al Ayyam: ZAIN group announced earning an income of $335.5 million on the period of the first half of the current year 2009 with earning per share of 40 fills, comparing to a profit of 148 million Kuwaiti Dinar in the same period of the previous year 2008.  The delegated member the vice chairman Dr. Sa’d Al Barrak said in a press statement received by Al Ayyam newspaper that “ZAIN achieved a huge jump in its revenues to attain $4.01 million increasing by %24 versus the same period of the previous year which amounted 935.8  million Kuwaiti Dinar. He cleared out that the group’s companies had achieved a big jump in their profits before excluding the taxes and interests that amounted $1.77 million increasing by %46 comparing to the same period of the previous year when reached 350.20 million Kuwaiti Dinar. He indicated that the subscribers’ base of the group in the Middle East and Africa reached 69.50 million subscribers increasing %37 in the same period of the last year when they reached 50.7 million. Al Barrak reported saying “the essential performance indicators revealed that the group had achieved an encouraged growth during the critical period which the global economic body had suffered a severe hits which forced it to retreat and shuffle front of these hits”. And cleared out that “despite that this period had imposed difficult challenges on the markets which ZAIN operates in such as the sever fluctuation in currencies exchange rate, but the growth volume in the operating performance was perfect despite costing more that 31 million Kuwaiti Dinar in currencies exchange rates”.