Zain Saudi quarterly net loss narrows

25 Jan, 2016

Zain Saudi's net loss narrowed in the fourth quarter from a year earlier thanks to a 7 percent rise in revenue and better cost management, the telecoms company said in a bourse filing on January 21.
The company, 37-percent owned by Kuwait's Zain, made a net loss of 291 million riyals ($77.5 million) in the three months to December 31 compared with a net loss of 306 million in the same period year earlier.

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