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FINANCIAL NEWS
Batelco to set up new firm for Bahrain’s operations
25 Feb 2010
(MENAFN) Batelco announced plans of setting up a new company this year that would manage the group’s telecommunications operations within Bahrain.
The Group’s Chairman, Shaikh Hamad bin Abdulla Al Khalifa, said that last year Batelco began creating a group operating organizational structure to deliver its geographic expansion and business diversification.
Al Khalifa explained that this initiative included the establishment of a closed stock company, 100 percent owned subsidiary of Bahrain Telecommunications Company.
The group announced a 9 percent year-on-year growth in gross profits for 2009, which totaled $919.9 million, with net profit of $278.5 million for the year, marking its highest-ever levels.
Al Khalifa said that net revenues grew 8 percent to $712.54 million, earnings per share (EPS) remained steady at $193.3 cents compared to $191.99 cents in 2008.
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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