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Saudi operator Zain sees net loss shrink to $93.1m

Saudi Arabia's third telecoms operator, Zain KSA has posted a net loss of SR349m ($93.1m) in the second quarter, compared to a net loss of SR448.2m the previous year, Reuters has reported. The company attributed the narrowing loss to a decrease in financing costs. Gross profit was SR1.41bn, down from SR1.64bn a year ago, the firm said.