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FINANCIAL NEWS
Bahrain Telecom posts USD71.6m profit in H1
31 Jul 2013
(MENAFN) Bahrain Telecommunications Co. (Batelco) has reported a 22 percent decline in half-yearly earnings, due to one-off expenses related to acquisitions and related financing, Reuters reported.
The company said it made USD71.6 million net profit during the first half, down from USD91.8 million for the same period last year.
In April, Batelco completed a USD570 million purchase of Cable & Wireless Communications’ Monaco and Islands Division.
Batelco competes with units of Kuwait’s Zain and Saudi Telecom Co. in Bahrain, while it also owns Jordanian telecoms operator Umniah, 27 percent of Yemeni mobile operator Sabafon, minority stakes in Internet providers in Kuwait and Saudi Arabia and is also active in Egypt.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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