U.S. Bank is expected to significantly increase revenues Zain Group when you ask the third-generation technologies in Iraq
U.S. Bank is expected to significantly increase revenues Zain Group when you ask the third-generation technologies in Iraq
4-16-14
(Independent) .. outlook is optimistic for operations in Iraq, when you ask the third generation and start listing Hafez Bank “JPMorgan” on the recommendation of Zain at the level of “neutrality”, estimated the fair price for the company’s shares to 780 fils, the price increases by 16 percent of the value of the stock market price to the level of recent trading.
The World Bank has expressed the U.S. in the financial report issued by the newly informed by the (independent) … an optimistic outlook for the Group’s operations during the year 2014, with the expectation that check operations of Zain increase in the volume of net profit by 8.2 percent, and an increase in the size of the consolidated revenue increased by 2 percent, as expected to increase earnings before interest, taxes and depreciation by about 1 percent, note that Zain was achieved consolidated revenues worth 4.38 billion dollars, and made a profit before interest, tax, depreciation $ 1.9 billion, and a net profit of 764 million dollars for the year 2013.
The report attributed this optimistic view to the Group’s operations in Iraq, as adopted in the future outlook for returns to be reaped by the group at the launch third generation technologies, and rewards to be reaped from launches IPO of part of its shares on the Iraq Stock Exchange, which is expected to be operations Begun during the current year – according to what was said by official sources in the group earlier.
The operations of Zain Iraq had achieved a net profit of 361 million dollars, while the total amount of revenue of $ 1.7 billion, while made a profit before interest, tax and depreciation of $ 714 million in the year 2013.
The report went to the distributions financial Zain Group for the year 2013, where he described that she was attractive, as it made the dividend yield on the stock by 7.5 percent (the size of the dividend reached 690 million U.S. dollars) – note that these distributions are the highest in the Kuwait Stock Exchange .
And the operations of Zain Saudi Arabia maintained JPMorgan on the recommendation of the company’s shares at a level (neutrality), has expressed his outlook is optimistic regarding its operations, as expected the company to increase the size of the revenue by 8.4 percent, and reduce the company of the size of its loss to about 19.4 percent through the year 2014.
The Zain Saudi Arabia was reported revenue of $ 1.8 billion dollars, an increase of 5 percent, while the company achieved a profit before interest, tax, depreciation worth 237 million dollars with a rise of 1 percent in the year 2013. (End)
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