Zain KSA 4Q2015: Earnings miss estimates on lower-than-expected revenues, high operating expenses and D&A charges; GPM improves Y-o-Y on MTR cuts
Revenue – cSAR1,688 million, +c7% Y-o-Y, -c5% Q-o-Q, -c6% versus EFGe EBITDA margin – 24%, +6.6pp Y-o-Y, -0.7pp Q-o-Q, +0.5pp versus EFGe Net loss – SAR291 million, -5% Y-o-Y, +31% Q-o-Q, 39% versus EFGe Zain KSA released its
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