Zain Bahrain, one of the leading telecommunication providers in Bahrain has reported a net profit of BD 1. 108 million for the first three months on 2018. The report registered an increase of 120% compared to BD503,000 over the same period a year earlier.
According to Zain Bahrain, their operating profit for 2018 surged to BD 1. 127 million from BD 576,000, thus registering an increase of 95.7%. The positive results were achieved despite the decline in total revenues in Q1 2018 to BD16.571 million, down 9.4% from BD 18.310 million a year earlier.
Zain Bahrain’s success in achieving a high growth rate during Q1 2018 is a reflection of its ability to be on top of the technological and services developments witnessed by the telecommunications sector around the world, said the statement from the telecom company. Especially since Zain has made extensive efforts to introduce the latest technologies, with the main focus on the delivery of data-centric products and digital offerings, in addition to the implementation of a well-considered operational strategy and exercising financial prudence.
Zain Bahrain Chairman Shaikh Ahmed bin Ali Al Khalifa said: “During the first quarter of 2018, our focus to improve Zain Bahrain’s operational performance, enhance our investment activities and implement cost optimization initiatives, resulted in significant growth in our net profit for the period. The strong performance achieved in a challenging environment demonstrates Zain Bahrain’s competence in consolidating its prominent position in the market.”
For more information on Zain Bahrain’s report, read here.