Viva Kuwait’s net profit up 21.2% in Q1 2015

5 May 2015

Kuwait Telecom Company (Viva), which was listed on the Kuwait Stock Exchange (KSE) in December 2014, has reported net profit of KWD10.37 million (USD34.33 million) for the three months ended 31 March 2015, up by 21.2% year-on-year from the KWD8.56 million reported in the corresponding period of 2014. As previously reported by CommsUpdate in April 2015, the Kuwaiti company disclosed that its net profit for the twelve months to end-December 2014 skyrocketed to KWD40.3 million, while revenues were up 31.0% y-o-y to KWD239 million; EBITDA meanwhile reached KWD112.6 million, a 71.6% improvement on the KWD65.6 million booked in 2013.

Kuwait, STC Kuwait (formerly Viva)