Zain profit, Iraq expansion

Kuwait-based Mobile Telecommunications Company (Zain Group) announced on 3 March a consolidated net profit of $3.675bn for the 12 months ending 31 December 2010. Its total managed active customers rose by 23% to 37.2m, and consolidated revenues reached KD1.35bn ($4.7bn), an increase of 7%. Its active customer base grew in Saudi Arabia, Sudan, Iraq, Lebanon and Kuwait, but decreased in Bahrain and Jordan.