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.
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01-11-11 1341GMT
