NewsZain announces healthy H1, 2011 financial results as net income increases 17%
Tuesday, 02 August 2011 12:20 | 
Zain announces its consolidated financial results for the half year ended 30 June, 2011. The results showed healthy growth in several key performance indicators. It's important to note that the below mentioned net profit and percentage growth result excludes and does not take into account the capital gain from the sale of the Zain Africa assets that was concluded on June 8, 2010.
For the first half of 2011, the Zain Group recorded consolidated revenues of KD659.4m ($2.381bn), reflecting a positive 2% increase on the same period in H1-2010. The period witnessed net income increasing to KD140.2m ($506.5m), an impressive 17% increase on the same period in H1-2010. The company's consolidated EBITDA reached KD293.1m ($1.058bn) up 6% on H1-2010, reflecting an EBITDA Margin of 44% (up one percentage point) with EBIT of KD210m ($758.3m), a 6% increase on H1-2010. The earnings per share reached 36 fils ($0.13).
For the first half of 2011, the Zain Group recorded consolidated revenues of KD659.4m ($2.381bn), reflecting a positive 2% increase on the same period in H1-2010. The period witnessed net income increasing to KD140.2m ($506.5m), an impressive 17% increase on the same period in H1-2010. The company's consolidated EBITDA reached KD293.1m ($1.058bn) up 6% on H1-2010, reflecting an EBITDA Margin of 44% (up one percentage point) with EBIT of KD210m ($758.3m), a 6% increase on H1-2010. The earnings per share reached 36 fils ($0.13).
