Batelco’s six-month profits up 11%

13 Jul 2006

Bahraini state-run operator Batelco has announced a net profit of BHD47.5 million (USD125.97 million) for the first half of 2006, an 11% increase over the first six months of 2005. Gross revenues grew to BHD106.2 million while net revenues rose by 4% year-on-year. The results exclude any contribution from recently acquired Jordanian mobile operator Umniah. Following the USD415 million purchase, Batelco anticipates a double digit group revenue and EBITDA impact over the next twelve months.

Bahrain, Bahrain Telecommunications Company (Batelco)