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Zain Bahrain profits down 10% in Q3

Zain Bahrain profits down 10% in Q3
Zain achieved BHD 1.21 million in net profits in Q3 - (Photo Credit: Arabianeye-Reuters)
Zain
ZAINBH
0.84% 0.12 0.00

Mubasher: Zain Bahrain posted a 9.7% decline in profits in the third quarter of 2016 to BHD 1.21 million ($3.17 million) from BHD 1.34 million ($3.54 million) from the same quarter last year.

Profits also recorded BHD 3.05 million ($8.07 million) down from BHD 3.41 million ($9.02 million) in the same period in 2015.

During the same period the company’s revenues decreased by 9%, according to a bourse filing.