Signs of a healthy recovery
Zain Group’s 9M 2016 revenues decreased by 3.4% at KWD826m, with a drop affecting its two main revenue contributors, Iraq and Kuwait. Zain Iraq’s revenues went down by 12.5% to KWD242m, severely hampered by the continued political and civil instability, with a c.29.3% contribution to sales v.s. 32.4% in 9M 2015 and 38.1% in 9M 2014. Zain Kuwait’s revenues also decreased by 1.3% mainly due to an intense price competition. By contrast, Zain Sudan performed exceptionally well during this period, with a revenue growth rate of 8.7%, thanks to the increase in data revenues (+42% in US$ terms).
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.