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Zain report losses


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Zain Saudi Arabia announced a net loss of SAR657 million for the three months ended 31 December 2009.
Zain Saudi Arabia announced a net loss of SAR657 million for the three months ended 31 December 2009.

Operating losses declined 44.3% to SAR436 million in the same period. However, company losses have contracted by over 29% year-on-year as revenues rise and Zain, which launched in Saudi Arabia in August 2008, establishes itself in the market. Fourth quarter revenues jumped by 110.6%, up to SAR895 million.


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