| Kippreport.com

Kuwait’s Zain second quarterly net profit inches up 1 percent

August 6, 2012 4:08 by Reuters

Kuwaiti telecom operator Zain reported a 1 percent rise in quarterly profit on Monday.

Zain said it made net profit of 70.97 million dinars ($251.58 million) in the three months to June 30. That compares to profit of 70.26 million dinars in the prior-year period, the company said in a bourse statement.

Zain, which operates in seven countries, made a first-half net profit of 141.8 million dinars, up from 140.2 million dinars in the same period a year ago.

($1 = 0.2821 Kuwaiti dinars)

(Reporting By Mirna Sleiman)

Tags: Dubai, Kuwait, net profit, Telecommunication, Zain