Home | News    Wednesday 30 April 2014

Zain Sudan records robust revenue growth

separation
increase
decrease
separation
separation

By Julius N. Uma

April 29, 2014 (JUBA/KHARTOUM) - The Sudan operations for telecoms company Zain said it recorded a 4% revenue increase in US dollar terms for the first quarter of the year, ending 31 March 2014.

JPEG - 11.1 kb

According to the statement, the telecom player’s customer base in Sudan also grew to reach 11.9 million at the end of the period.

For instance, last year Zain said that it had 11.7 million customers in Sudan and a 43% market share in the North African country.

However, while the telecom company notes a 4% growth for its Sudan operations, the growth figure in Sudan’s local currency, the Sudanese pound, is reflected to be higher because of this currency weakening dramatically against the dollar in this year.

“In local SDG currency terms, revenues grew by 8% year-on-year,” reads the statement.

Meanwhile, Zain noted that its South Sudan operations “had several challenges that resulted in reduction of customer base.”

The telecoms group also announced that for the first quarter of 2014 it generated consolidated revenues of $1.1 billion (KD 311.1 million) up 4% when compared to the same period in 2013.

“Consolidated group data revenues (excluding SMS and VAS) witnessed a healthy 27% growth year-on-year, with data now forming 15% of all Zain’s service revenues,” the company says.

The telecom giant also noted that the two loans announced this year also contributed to the growth of group revenue.

According to Zain, earnings before interest, tax, depreciation, and amortization (EBITDA) reached $469 million (KD 132.2 million) compared to $448.7 million during the first quarter of 2013.

This resulted in a comparative increase of 5%, noted the company.

“Across many of our markets, we are witnessing growth in key financial indicators as we drive efficiency and innovation,” said Scott Gegenheimer, Zain Group’s Chief Executive Officer (CEO).

“The healthy 27% annual growth rate in data revenues with data now reflecting 15% of all Zain group’s service revenues, emphasizes the appeal and quality of our product and service offerings and justifies the huge investment we continue to make in our 3G and 4G networks,” he added.

Operational in 8 countries, reportedly provides mobile voice and data services to over 46.2 million active customers.The company is listed on the Kuwait Stock Exchange.

(ST).

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Perspectives on Kiir and Machar meeting 2018-06-20 22:48:12 By Santino Ayual Bol IGAD which has been facilitating and mediating the slow-heel Agreement to Resolve the Conflict in the Republic of South Sudan shortly abbreviated as ARCISS has unilaterally (...)

SLM’s al-Nur’s response to Troika countries about violence in Darfur 2018-06-20 22:02:28 Response by the Sudan Liberation Movement to statement by the United States, United Kingdom & Kingdom Of Norway on cessation of violence in Darfur By Abdul Wahid al-Nur Dear President (...)

Another electoral farce Sudanese should expect in 2020 2018-06-18 02:08:16 Sudanese Elections Scheduled for 2020 will be Fraught with Dangers andCounterfeiting like its predecessors By Mahmoud A. Suleiman The National Congress Party (NCP) regime’s Elections Scheduled (...)


MORE






Latest Press Releases


The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)

Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.