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Zain Bahrain posts 16% fall in Q2 profit

Zain Bahrain posts 16% fall in Q2 profit
Met profit also shrank by 11.11% in H1-16 (Photo credit: Company's website)
Zain
ZAINBH
0.84% 0.12 0.00

Mubasher: Zain Bahrain’s net profit fell in the second quarter of fiscal 2016 by 15.8% to BHD 926,000 ($2.43 million), versus BHD 1.1 million ($2.89 million) reported for Q2-15.

In the first half of fiscal 2016, net profit also shrank by 11.11% to BHD 1.84 million from BHD 2.07 million reached in H1-15, according to a bourse filing.

Zain earlier posted a net profit of BHD 917,000 for Q1-16, 10.45% down from BHD 1.02 million for Q1-15.