Zain Bahrain, a leading telecommunications provider in the Kingdom, recently announced its financial results for the nine months ended 30 September 2024, including the third quarter (Q3 2024). In Q3 2024, Zain Bahrain reported a net profit of BD 1.62 million, an increase of 0.8% from BD 1.61 million in Q3 2023. Earnings per share remained stable at 4 fils, with revenue reaching BD 19 million, a 13.5% increase from BD 16.74 million in Q3 2023. Additionally, EBITDA for Q3 2024 increased by 11% reaching BD 6.35 million, compared to BD 5.72 million in Q3 2023.
For the nine months ended 30 September 2024, Zain Bahrain reported a net profit of BD 4.04 million, a 7.2% decrease from BD 4.36 million in the same period in 2023. Earnings per share stood at 11 fils, compared to 12 fils in 2023. The company also reported a 6.6% increase in revenue reaching BD 57.44 million, up from BD 53.87 million for the same period in 2023. EBITDA for the nine months ended 30 September 2024 increased by 8.8% to BD 18.14 million, from BD 16.68 million in the same period in 2023.
Zain Bahrain’s balance sheet remains strong, with a total equity of BD 86.30 million as of the end of Q3 2024, compared to BD 85.66 million for the year ended 31 December 2023, marking an increase of 0.8%. The operator’s assets as of 30 September 2024 stood at BD 130.60 million, a 5.1% decrease from BD 137.63 million as of 31 December 2023. Despite some fluctuations in the financial performance, Zain Bahrain’s stable earnings per share and revenue growth indicate a positive trend in the company’s financial stability and growth.
As a leading telecommunications provider in the Kingdom, Zain Bahrain continues to expand its services and offerings to meet the evolving needs of its customers. The increase in revenue and EBITDA over the nine months ended 30 September 2024 demonstrates the company’s ability to adapt to changing market conditions and maintain a strong financial position. With a focus on innovation and customer satisfaction, Zain Bahrain remains committed to delivering high-quality services and value to its customers.
By consistently investing in infrastructure and technology, Zain Bahrain is able to enhance its network capabilities and provide cutting-edge telecommunications services to its customers. The company’s commitment to continuous improvement and innovation positions it as a key player in the Kingdom’s telecommunications sector. With a strong balance sheet and a focus on sustainable growth, Zain Bahrain is well-positioned to capitalize on emerging opportunities in the market and drive long-term success for the company and its stakeholders.
Overall, Zain Bahrain’s financial results for the nine months ended 30 September 2024 reflect the company’s continued growth and stability in a competitive market environment. With a focus on delivering value to customers and investing in future growth opportunities, Zain Bahrain is poised for further success in the Kingdom’s telecommunications sector. Through strategic planning and a commitment to excellence, Zain Bahrain remains a key player in the industry, driving innovation and connectivity for customers across the Kingdom.
