Zain, the Kuwait based mobile operator, expects a growth of 30% in its net profits in 2009, its chief executive reportedly said. It also predicts its EBITDA to rise by around 40%.In the month of October this year, Zain is likely to see a net profit of $1.49 billion, driven by its overseas expansion strategy. Zain’s financial situation is very healthy despite the global financial crisis, as the firm had paid back obligations worth $1.8 billion in December. ‘This represents about 25-30 per cent of the total debt,’ says Saad al-Barrak. He further said, Zain would have a cash-flow of $5 billion in 2009.

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