Zain KSA 2Q16: Net loss widens as operating costs increase despite GPM expansion
Revenue – cSAR1,727mn, +4% Y-o-Y, -2% Q-o-Q, -3% vs. EFGe EBITDA margin – 21.5%, -4.6pp Y-o-Y, -3.7pp Q-o-Q, -3.9pp vs. EFGe Net loss – SAR329mn, +64% Y-o-Y, +32% Q-o-Q, +38% vs. EFGe Zain KSA released a disappointing set of 2
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