Zain KSA, the Saudi telecom firm, has reported a 36 percent drop in net profit to SR143 million in the first nine months of 2021.
The significant dip is due to a 1 percent drop in revenue, as well as rising revenue costs by 19 percent, the company said in a bourse filing.
Lowering operating expenses and the results of the capital restructuring last year helped compensate for the fall, it added.
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