By John Lee.
Zain Iraq‘s Q1 2022 revenue increased by 5 percent to reach USD 194 million, according to the company’s results statement for the first three months of the year.
EBITDA grew by 8 percent to USD 81 million, reflecting an EBITDA margin of 42%.
The operation reported a net profit of USD 3 million for Q1 2022.
The customer base increased 9% to 17.6 million, which the company said reflects a market-leading position.