Mubasher: Mobile Telecommunications (Zain) on Sunday reported strong results for the first three months of 2018 on the back of higher revenues and lower exchange rate losses.

The Kuwaiti mobile operator logged KWD 40.9 million ($135.86 million) in profits between January and March, up 7% year-on-year from KWD 38.23 million ($127 million).

Zain last reported a slight rise in profits for the full-year 2017 to KWD 160 million, up 0.8% from KWD 158.7 million in 2016. Its shareholders approved a 35% cash dividend, amounting to 35 fils per share, for 2017.

Source: Mubasher

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