Kuwait's Zain posts 26.6% fall in Q1 profits

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https://s.yimg.com/bt/api/res/1.2/TA3XMcmzNK65Z9iCEcNXMg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en-AE_XE/News/AFPMideastEN/f8fe393b30d83cda4dda73764a5b300b09fe42f7.jpg (https://en-maktoob.news.yahoo.com/kuwaits-zain-posts-26-6-fall-q1-profits-154909929--finance.html)Kuwaiti telecommunications giant Zain said on Tuesday its net profit for the first quarter of 2015 dived 26.6 percent over negative performance in Iraq and losses by its Saudi unit. The largest mobile operator in Kuwait said it posted a net profit of 41 million dinars ($136.2 million) in the first three months of 2015 compared with 55.9 million dinars ($185.7 million) in the same period last year. The dive in profits was attributed to the security situation in Iraq that has hit its operations there hard, in addition to losses by its Saudi subsidiary and a $270-million investment by Zain Jordan to launch 4G tech**logy. "The quarter reflected mixed results in what were quite challenging conditions in several of our key markets, especially Iraq," CEO Scott Gegenheimer said.




أكثر... (https://en-maktoob.news.yahoo.com/kuwaits-zain-posts-26-6-fall-q1-profits-154909929--finance.html)