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Nov 01 2011

Kuwait Zain Says 9 Mo Net Profit +7% On Year At $762.5 Mln

Tuesday, Nov 01, 2011

DUBAI (Zawya Dow Jones)--Kuwait's Mobile Telecommunications Co., better known as Zain (ZAIN.KW), Tuesday said that its net profit for the first nine-months of the year rose 7% to $762.5 million.

Zain incurred $100 million forex losses throughout its various markets, the telco said in an e-mailed Arabic statement.

Zain shares closed 1% up Tuesday at KWD0.940.

-By Shereen El Gazzar, Dow Jones Newswires; +971 444 61684; Shereen.elgazzar@dowjones.com

Copyright (c) 2011 Dow Jones & Co.

(MORE TO FOLLOW) Dow Jones Newswires

01-11-11 1341GMT

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