DUBAI May 2 Kuwaiti telecom group Zain
reported on Tuesday a three percent rise in
first-quarter net profit.
The former monopoly, which operates in eight countries in
the Middle East and Africa, made 38 million dinars ($124.95
million) in the three months to March 31, it said in an emailed
Revenues fell 11 percent to 247 million dinars.
EFG Hermes analysts had forecast a profit of 37.41 million
dinars while SICO Bahrain had forecast a 32 million dinar
($1 = 0.3041 Kuwaiti dinars)
(Reporting by Alexander Cornwell; editing by Jason Neely)