Zain Group added 3 million new active customers over the past twelve months to serve 44.4 million as of 30 June, reflecting a 7 percent growth rate. For the first six months of 2013, the Middle East mobile operator's revenues reached USD 2.12 billion, EBITDA totaled USD 935 million, and the EBITDA margin was 43.3 percent. Net income reached USD 397 million or USD 0.10 per share.
The group said adverse currency effects predominantly in Sudan cost the company the equivalent of USD 347 million in revenues, USD 150 million in EBITDA and USD 80 million in net profit for the six-month period. Group data revenues (excluding SMS and VAS) saw healthy 19 percent growth, with data now 13 percent of all Zain's revenues.
Mobile number portability was introduced in its home market Kuwait on 15 June and initial indications showed positive net additions for Zain. Year-on-year customer growth in Kuwait was 11 percent, reaching 2.4 million lines at the end of June. After the launch of nationwide LTE there, data represents 28 percent of revenues.
Zain Bahrain's customer base grew by 36 percent while in Iraq, the customer base was up 8 percent to 13.9 million as operations expanded the network to North Iraq. It said Jordan's operations maintained customer and value leadership through dynamic marketing campaigns while 4G roll-out and aggressive marketing campaigns in Saudi contributed to12 percent customer growth to reach 8.3 million and revenue growth of 12 percent. In South Sudan, the customer base grew by 27 percent while revenues grew by 36 percent in USD terms.
Source: Telecom Paper.