Zain Saudi Arabia Reports Strong Financial Results for the Fourth Quarter of 2016
Riyadh, Saudi Arabia (ots/PRNewswire) -
- Quarter highlighted by revenues increasing 8%
- Net losses narrowed by 54% in Q4
- The High Order awarding of a 15-year license extension and unified
license is set to support Company's growth strategy
Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia)
announced its financial results for the fourth quarter ending
December 31, 2016.
- Quarter highlighted by revenues increasing 8%
- Net losses narrowed by 54% in Q4
- The High Order awarding of a 15-year license extension and unified
license is set to support Company's growth strategy
Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia)
announced its financial results for the fourth quarter ending
December 31, 2016.
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Key Performance Indicators for the fourth quarter (Q4) of 2016:
Compared to Q4, 2015, Zain Saudi Arabia reported:
- Revenues of SAR 1,801 million, up 8%
- Gross profit of SAR 1,142 million, up 7%
- EBITDA increased by 21% YoY, reaching SAR 490 million
- Net losses by 54% to reach SAR 135 million
Key Performance Indicators for the 12 months ending 31 Dec 2016:
Compared to Full-Year 2015, Zain Saudi Arabia reported:
- Revenues increased by 3% to SAR 6,927 million,
- Gross profit grew by 11% to SAR 4,401 million.
- EBITDA also grew by 10% to a level of SAR 1,795 million
- Steady net losses up by 1% to SAR 980 million
Zain Saudi Arabia reported an 8% increase in revenues to reach SAR
1,801 million in Q4 2016, up from SAR 1,672 million a year earlier.
Revenues for the twelve-months of 2016 grew by 3% reaching SAR 6,927
million, up from SAR 6,741 million for the same period in 2015.
Gross profits for Q4 2016 reached SAR 1,142 million, up 7%
compared to SAR 1,065 million in Q4 2015, and up 8% compared to SAR
1,061 million in Q3 2016. The Company reported steady gross margin at
63% compared to 64% during Q4 2015, whilst gross profits during the
twelve-month period reached a record SAR 4,401 million increasing by
11% up from SAR 3,951 million during the same period of last year,
with gross margin of 64% improved compared to 59% the previous 12
months' period.
The Company reported a significant 21% increase in EBITDA in Q4,
2016 to reach a record SAR 490 million, up from SAR 405 million
during the same quarter of 2015. EBITDA for the 12 months of 2016
amounted to a record SAR 1,795 million, up 10% on SAR 1,629 million
recorded in the same period of 2015.
EBITDA margin rose in Q4 2016 to 27% compared to 24% in Q4 2015,
while reaching 26% for the twelve months of 2016 compared to 24% in
2015.
The Company recorded an operating profit of SAR 87 million during
Q4 2016, up from a loss of SAR 82 million in the same quarter in
2015, Q4 2016 includes the incorporation of the relevant amortization
(Photo:
http://mma.prnewswire.com/media/459388/Mr__Peter_Kaliaropoulos.jpg )
Key Performance Indicators for the fourth quarter (Q4) of 2016:
Compared to Q4, 2015, Zain Saudi Arabia reported:
- Revenues of SAR 1,801 million, up 8%
- Gross profit of SAR 1,142 million, up 7%
- EBITDA increased by 21% YoY, reaching SAR 490 million
- Net losses by 54% to reach SAR 135 million
Key Performance Indicators for the 12 months ending 31 Dec 2016:
Compared to Full-Year 2015, Zain Saudi Arabia reported:
- Revenues increased by 3% to SAR 6,927 million,
- Gross profit grew by 11% to SAR 4,401 million.
- EBITDA also grew by 10% to a level of SAR 1,795 million
- Steady net losses up by 1% to SAR 980 million
Zain Saudi Arabia reported an 8% increase in revenues to reach SAR
1,801 million in Q4 2016, up from SAR 1,672 million a year earlier.
Revenues for the twelve-months of 2016 grew by 3% reaching SAR 6,927
million, up from SAR 6,741 million for the same period in 2015.
Gross profits for Q4 2016 reached SAR 1,142 million, up 7%
compared to SAR 1,065 million in Q4 2015, and up 8% compared to SAR
1,061 million in Q3 2016. The Company reported steady gross margin at
63% compared to 64% during Q4 2015, whilst gross profits during the
twelve-month period reached a record SAR 4,401 million increasing by
11% up from SAR 3,951 million during the same period of last year,
with gross margin of 64% improved compared to 59% the previous 12
months' period.
The Company reported a significant 21% increase in EBITDA in Q4,
2016 to reach a record SAR 490 million, up from SAR 405 million
during the same quarter of 2015. EBITDA for the 12 months of 2016
amounted to a record SAR 1,795 million, up 10% on SAR 1,629 million
recorded in the same period of 2015.
EBITDA margin rose in Q4 2016 to 27% compared to 24% in Q4 2015,
while reaching 26% for the twelve months of 2016 compared to 24% in
2015.
The Company recorded an operating profit of SAR 87 million during
Q4 2016, up from a loss of SAR 82 million in the same quarter in
2015, Q4 2016 includes the incorporation of the relevant amortization