Zain: raise net profit of 8% and recorded $ 198 million and Iraq largest financial indicators of the

Zain: raise net profit of 8% and recorded $ 198 million and Iraq largest financial indicators of the Group



April 22, 2014 ... (Independent) ... announced that Zain Group a leader in the mobile communications services in the Middle East and Africa, it has achieved a net profit of 55.9 million dinars (198.4 million dollars) for the first quarter of this year, an increase of 8% over the period, similar to last year, Earnings per share 14 fils, and the operations of Zain Iraq said Gegenheimer "our operations in Iraq surpassed itself contributing the largest share in the key financial indicators of the Group for the period of the first quarter, the company raised the size of its revenue by 3% to about 432.3 million dollars, compared with 421.6 million dollars in the same period, thus contributing to the company by 40% of the consolidated revenue of the Group.

The Group Chairman Asaad Ahmed Al-Banwan said in a statement the group received (Independent) announced today that the "key financial indicators for the Group's operations have seen positive gains for the period, which achieved growth rates at the level of the amount of revenue collected and the volume of earnings before interest, taxes, depreciation and net profit."

The Albanwan saying "Total consolidated revenue amounted to 311.1 million dinars (1.1 billion dollars) for the period, an increase of 4%, compared with total revenues amounted to 299 million dinars (1.06 billion dollars for the period of the first quarter of the year 2013."

He pointed out that the volume of earnings before interest and tax, depreciation amounted to 132.2 million dinars (469 million dollars), compared with 126.6 million dinars (448.7 million dollars) for the same period last year.

Albanwan revealed that the group's customer base has grown during this period increased by 5% to about 46.2 million customers, compared with the similar period of last year.

According Albanwan saying "made networks group during this period further acquisitions in the data transmission services, thanks to investments tireless and infrastructure Paljalan third and fourth on some networks, the group raised data services increased by 27% during the first quarter of this year, where it became Data Services now represent 15% of the total revenues generated by the bundled services operations group, this without counting the value-added services and SMS services. "

He explained by saying, "We have strengthened our operations of our centers competitiveness and our holdings market kit is accounted for the largest share in the six countries of the markets in the region, which is reflected on the size of the operating performance of the networks, Zain, which saw rates of positive growth on all key financial indicators during this period." .

He Albanwan saying, "In contrast, the Zain Group is keen to adopt innovative plans to reduce financing costs and reduce the size of the operational and administrative expenses, which serves as a business strategy and direction of this stage."

Having said Albanwan that the group is keen to outweigh its operations in providing the latest technologies and high-quality services on their networks, it has between at the same time it seeks constantly to provide its list of the wide range of options and practical solutions through strategic partnerships carried out with partners from regional and international companies .

For his part, Chief Executive Officer at Zain Group Scott Gegenheimer "I have encountered operational processes for the Zain Group, a set of challenges between political and economic factors in some geographic areas, and increased the challenges in the field of mobile communications industry represented in an atmosphere of high competition, where Zain operates in characterized by the proliferation of large markets for mobile telecommunications services, and it came despite positive financial indicators for this period. "

He said: "She Zain Group is strongly committed to providing the latest technologies and services, which received many of its markets large investments over the past period, and extended by the selective manner to meet its obligations in front of its customer base, while at the same time an interview attributed the significant growth in Internet services."

Gegenheimer explained by saying, "We have dedicated a large part of our focus now is on the areas of information technology services to map the growth of our operations, and Balflngehna that are making significant progress in the development of our business and take advantage of the large growth rates in the field of data transmission."

And between saying "The growth rate achieved in the first quarter in data services is a catalyst for the group, especially if we take into account that a large part of the markets of our operations are still experiencing growth rates religiously very data services, where still Infrastructure Services third-generation and fourth generation in which either at an early stage or basically non-existent because of the lack of licensing yet. "

He revealed, saying, "We started in the application of operational models developed in the field of our operations, where we set out to focus on the areas of customer experience, operational excellence, and synergies between the operations, and to engage in the areas of new business meet our basic services, with the aim of generating new avenues for revenue of Finance."

According to the saying, "We have helped the solvency extensive financial situation durable for a great confidence that you find by global financial institutions, regional, and translated for the group recently credit facilities worth 800 million dollars, and the Murabaha contract worth 250 million dollars."

And the operations of Zain Group and financial indicators achieved by the companies during the first quarter of this year, said Gegenheimer "financial indicators for Zain Kuwait continues to contribute to a large proportion of the consolidated financial statements of the Group, where the company raised the size of its revenues to reach about 313.2 million dollars, an increase of 9% compared with 287.4 million dollars in the same period, increased earnings before interest, taxes and depreciation for up to about $ 152.6 million, an increase of 12% compared with 135.8 million dollars, while net profit was $ 97.6 million an increase of 8% compared with 90.4 million dollars

He revealed Gegenheimer that in a time when company's customer base increased by approximately 2.5 million customers with a rise of 8%, the network topped the Group's operations in terms of growth rates in data transmission services, where the percentage growth of data services to 23% for the period, which raise the value of the contribution of data services in the size of the company's revenue to reach about 31%.

And the operations of Zain Iraq said Gegenheimer "our operations in Iraq surpassed itself contributing the largest share in the key financial indicators of the Group for the period of the first quarter, the company raised the size of its revenue by 3% to about 432.3 million dollars, compared with 421.6 million dollars in the same period, to contribute to the company so 40% of consolidated revenue for the group, and increased earnings before interest, taxes, depreciation increased by 3% to about 167.8 million dollars, compared with 162.4 million dollars, and net profit reached $ 78.3 million an increase of 24% compared with 63.1 million dollars in the same period.

He pointed out that Zain Iraq has the largest customer base of the group which is made in the leadership of the Iraqi market in terms of market share by 49%, as has the percentage increase in the customer base by 18% to reach 16 million customers, representing 35% of the customer base of the group.

He explained by saying, "Zain Iraq has achieved good growth rates for its operations thanks to modernization and development projects continued on its network, which has made Internet services on its network growth rate of 69%, as it contributes to Internet services increased by 4% of the total income of the company."

And between Gegenheimer that the Iraqi market from emerging markets and waiting for a big jump in data transmission services, predicting that with the introduction of third generation services that await licensing and final approvals from the authorities, the data transmission services will witness a qualitative leap, which is dependent upon the company much in the plans strategy for the next phase.

And insertions worked on by the currently Zain Iraq for the inclusion of part of its shares in the Iraqi market for securities revealed Gegenheimer that the company is stepping up its actions at the present time for the completion of the IPO process - depending on the requirements of the operating license - expected to be IPOs this year.

And the operations of Zain Saudi Arabia expressed Gegenheimer optimism indices positive achieved by the company for this period and said "succeeded Zain Saudi Arabia to reduce the net loss significantly during the first quarter, has made important steps towards achieving the goals of operational and commercial, and we have a lot of optimism to cross this stage indicators positive on all financial indicators. "

He said the company recorded a remarkable increase in the volume of earnings before interest, taxes and depreciation by 45% to reach around 79.9 million dollars for the period, compared with 55.2 million dollars, has been the increase in the level of profit margin (EBITDA Margin) for up to 19% compared with increase of 12% over the same period last year.

Having confirmed that Zain Saudi Arabia has made significant progress on the level of expanding its network technology, the fourth generation to reach about 51% of the residential areas in the Kingdom, was between Gegenheimer that the company's network recorded large gains in the rates of growth of online services, which amounted to about 52%, which is reflecting the feasibility of investment carried out by the company on its expansion and development, and represent data services accounted for 17% of the size of the total income of the company.

In the Kingdom of Jordan explained Gegenheimer financial indicators of the company still maintains a relatively level despite the intense competition that characterize the UK market, noting that the company has maintained its market share in the forefront where lifted its customer base to about 3.9 million customers, an increase of 5%, compared to with 3.7 million customers in the same period last year.

He Gegenheimer optimism in the market of Jordan, where he described that he would be one of the markets generating returns the group in data services for the coming period, pointing out that the company's network has seen an increase in Internet traffic grew by 20% over the period, similar to last year, which raise the percentage contribution of Internet services to about 24% in the volume of total income.

He said: "We expect better returns in the data transmission services of our operations in Jordan, especially with the increasing prevalence of smart phones in the Kingdom, and the growing demand for internet services high speeds, and get Zine approval to provide services the fourth generation and increase the capacity of the third generation will put Zain Jordan's leadership in high-speed Internet services.

In Sudan, revealed that the stability of the latter achieved by the local currency against the dollar limit a lot of the problems of sharp fluctuation of currency exchange rates in the Sudanese market, where the company raised the size of its revenue increased by 4% during this period to reach about 159.8 million dollars, compared with 153.8 million dollars in the same period last year.

He predicted Gegenheimer to witness the financial indicators for Zain Sudan ratios positive growth during the coming period, especially with the wave stability witnessed in the local currency against the dollar at the moment, noting that the company made a profit before interest, tax, depreciation value of $ 62.7 million, and a net profit of 30.3 million dollars , also raised the company's Internet services on its network by 82%, which indicates that the market is on the verge of Sudanese big leap in the use of data services.

He stressed that the Group will continue its efforts to take advantage of the momentum organic operations, which enjoys a unique geographical location in the Middle East and Africa, and to disseminate the services the fourth generation and the promotion of investments in this area, which is the area of ​​operations of Zain areas omnivorous data services, now services the fourth generation proved itself in both Kuwait and Saudi Arabia, but the latter is expected to have achieved a tremendous growth rates in these kinds of services in the future, while in the Kingdom of Bahrain, Lebanon, the fourth-generation services are still at the beginning of our expectations and spread it to achieve a significant increase with the coming period.

He concluded by saying Gegenheimer "Zain implementation of these plans carefully to make new rules in its scope of operations, and intensifying its promotional campaigns and marketing offerings in the competitive voice and data services, with a focus on serving the customer experience and maintain the operational efficiency of their networks.

The first quarter -2014 The first quarter -2013
46.2 46.2 44.1 44.1 Number of customers (million)
Dinar Dollar Dinar Dollar Currency
311.1 1,104.1 299.0 1,059.3 Revenue (million)
132.2 469.0 126.6 448.7 Earnings before tax and depreciation (million)
55.9 55.9 198.4 52.0 52.0 184.2 Consolidated net profit
0.014 0.05 0.013 0.05 Earnings per share


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