Earnings Report /
Saudi Arabia

Zain KSA: Q2 results – Strong revenue and lower depreciation

  • Revenues increased 16.4% yoy (+1.3% qoq) to SAR2.21bn and came in-line with our estimate of SAR2.18bn

  • Gross income stood at SAR1.25bn (-0.6% yoy, 1.2% yoy). Gross margins contracted by 969bps yoy to 56.7%

  • EBIT increased 64.4% yoy (+30.3% qoq) to SAR262mn, higher than our estimates of SAR213mn

Talha Nazr
SNB Capital
17 July 2022
Published bySNB Capital


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