Telecom Zain KSA profits drop 36% for first 9 months of 2021

Arab News
Lowering operating expenses and the results of the capital restructuring last year helped compensate for the fall, it added. (File/Supplied)
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  • The decline is due to a 1 percent drop in revenue, as well as rising revenue costs by 19 percent, the company said in a bourse filing. 

DUBAI: Saudi telecom firm Zain KSA posted a net profit of SR143 million ($38.1 million) in the first nine months of 2021, a 36 percent drop from the same period last year. 

The decline is due to a 1 percent drop in revenue, as well as rising revenue costs by 19 percent, the company said in a bourse filing. 

Lowering operating expenses and the results of the capital restructuring last year helped compensate for the fall, it added. 

Topics: #telecoms Zain Zain KSA #saudiarabia profits