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FINANCIAL NEWS
Bahrain Telecom reports USD49m profit in Q2
28 Jul 2012
(MENAFN) Bahrain Telecommunications Co (Batelco) reported a 13 percent decline in quarterly profits on stiff competition and slower economy growth in its home market, Gulf News reported.
The company said it made USD48.75 million net profit during the second quarter, down from USD56.14 million a year earlier.
Total revenue hit USD409.31 million in the quarter. Home revenue fell 7.5 percent to USD249.7 million from a year ago.
Bahrain’s telecoms sector is arguably the most liberalised in the Gulf. The kingdom has three mobile operators including Batelco and units of Kuwait’s Zain and Saudi Telecom Co, in addition to about 10 Internet providers serving a population of around 1.3 million.
More News
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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