Mobile Telecommunications Company Saudi Arabia (Zain KSA) announced yesterday net loss during the second quarter amounted to SR 394 million, as compared to SR 448 million for the same quarter last year, which represents a decrease in net loss of 12 percent, and compared to a net loss of SR 420 million for the previous quarter, which represents a decrease in net loss of 6 percent.
According to company’s statement on Tadawul website, its gross profit amounted to SR 707 million compared to SR 923 million for the same quarter last year, which represents a decrease of 23 percent.
Zain KSA suffers SR 394 million loss
