Kuwait telecom giant Zain's net profits dived 14.0 percent in the second quarter of 2013, the company said, blaming currency fluctuations from its unit in Sudan. The company posted a net profit of 70.9 million dinars ($248.8 million) in the April to June period of 2013, compared to 61 million ($214 million) in the corresponding period of last year, a statement said.
In the first six months of 2013, Zain net profit dived 20.3 percent to 113 million dinars ($396.5 million) compared with 141.9 million dinars ($497.9 million) in the first half of 2012.