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Zain Saudi's Q3 net loss narrows [Khaleej Times (United Arab Emirates)](Khaleej Times (United Arab Emirates) Via Acquire Media NewsEdge) Telecom operator Zain Saudi reported a narrowing third-quarter loss on Tuesday, roughly in line with analyst forecasts as margins improved, provisions fell and Internet usage increased. Zain Saudi, 37 per cent owned by Kuwait's Zain, made a net loss of SR316 million ($84.23 million) in the three months to September 30. This compares with a net loss of SR421 million in the prior-year period. Analysts polled by Reuters on average forecast Zain Saudi would make a quarterly loss of SR329.7 million. (c) 2014 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |