KUWAIT: Kuwaiti mobile operator Zain swung to a small profit in the fourth quarter, according to Reuters calculations, missing analysts' estimates. Zain, subject to a $12 billion takeover bid from UAE's Etisalat, posted a fourth-quarter net profit of $190 million compared with a net loss of 0.7 million dinars ($2.52 million) a year earlier. Analysts polled by Reuters estimated an average fourth-quarter net profit of 78.7 million dinars ($283.4 million). Reuters calculated figures based on previous financial statements as Zain did not provide quarterly data. The company posted a net profit of 976 million dinars ($3.48 billion) in the first nine months of 2010. Zain, which completed the sale of its African assets last year, reported a 2010 full-year profit of $3.67 billion dollars, a company statement said, up from 195 million dinars ($702.2 million) in the previous year.
