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Tue 18 Oct 2016 05:46 PM

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Kuwait's Zain says Q3 net profit rise by 12%

Kuwait's biggest telecoms operator by subscribers posts $142m net profit in three months to Sept 30

Kuwait's Zain says Q3 net profit rise by 12%
GCC telecoms

Zain, Kuwait's biggest telecoms operator by subscribers, reported a better then expected 12 percent rise in third-quarter profit on Tuesday.

The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 43 million dinars ($142 million) in the three months to Sept. 30, it said in a statement.

The average forecast of three analysts polled by Reuters was for a quarterly profit of 38.86 million dinars.

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