Zain Bahrain announces its financial results for the first quarter of 2021. For Q1 2021, the operator reported a net profit of BD1.528 million, an impressive 10.6% increase from a BD1.382 million net profit for the same period in 2020.
By and large, Zain Bahrain’s Q1 2021 results reflect resilience through efficient operations based on the decisions taken by the telecommunications giant. In particular, by expanding its network by 75%, the operator can accommodate accelerated data growth across its mobile and fixed network.
Moreover, revenues for the same period showed a slight increase of 0.3% from BD16.464 million to BD16.507 million while the operating profit amounted to BD1.731 million, up by 8% from BD1.603 million recorded in Q1 2020.
Zain Bahrain's total equity at the end of the first quarter also reached BD74.826 million, up by 4.7% from BD71.458 million in Q1 2020. Overall, the value of the company's assets during Q1 2021 is BD122.722 million, up by 3.8% from last year’s BD118.239 million.
Commenting on the impressive results, Zain Bahrain Chairman, His Excellency Shaikh Ahmed bin Ali Al Khalifa said: “Following on from the success of Zain Bahrain in 2020 – which was a challenging year for all – the first quarter of 2021 has seen further growth in all business areas. Our diverse workforce enhanced their operational efficiency, we increased our investments and focused on creating unique initiatives to improve our digital offerings and customer experience. As a leading telecom operator in the Kingdom, Zain Bahrain continued to deliver on our promise to provide the best technology and solutions, ensure the best customer service, and meet the growing demands of an increasingly digital market.”
Some of the operator’s key achievements in Q1 2021 include further expansion of Zain Bahrain’s 4G and 5G commercial services in the Kingdom to accelerate business opportunities for numerous sectors and offer enhanced mobile and broadband experience for customers in the newly developed areas of East Hidd, Hidd block 111, and Lawzi.
Zain Bahrain also successfully completed trials of Narrow Band Internet of Things (NB-IoT) technology to support Bahrain in utilizing the tech as the new, interoperable standard in the machine-to-machine (M2M) communication sector. Furthermore, Zain Bahrain provides all students using its home broadband services with free access to selected educational platforms like Google Classroom, Google Hangout, Microsoft Teams, University of Bahrain Black Board, and eduNET.BH app.
Additionally, Zain Bahrain aims to maintain its reputation as a digital pioneer in the market while working towards Bahrain’s 2030 Vision by developing talent and raising the bar for locally-grown technology and innovation.