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Zain Bahrain Q1 profit falls 10.5%

Zain Bahrain Q1 profit falls 10.5%
Company headquarters (Photo Credit: Company website)
Zain
ZAINBH
-2.44% 0.12 -0.00

Mubasher: Zain Bahrain BSC posted a 10.45% decline in earnings for the first quarter of 2016, according to the company’s unaudited financial results released Sunday.

The telecom operator generated BHD 917,000 ($2.43 million) net profit, down from BHD 1.02 million ($2.72 million) reported in the same period last year.

FY15 net profit amounted to BHD 5.2 million, a rise of 24.3% year-on-year from BHD 4.14 million.