Batelco’s revenues fall 4%

27 Oct 2011

Bahrain Telecommunications Company (Batelco) has reported that its consolidated group subscriber base increased by 41% year-on-year to above eleven million at the end of September 2011, although gross revenues for the period fell 4% over the same period to BHD245 million (USD651 million) in the third quarter. Domestic turnover dropped in Q3 2011 to BHD82 million from BHD85 million a year earlier. Tough competition was cited as the reason for declining sales figures. Group net income for the quarter declined by 19% to BHD56 million while domestic net profit fell by around 8% to approximately BHD18 million. Batelco’s interests in Egypt, Jordan, Kuwait, India, Yemen and Saudi Arabia provided 37% of revenues in the first nine months of 2011, it said. Amongst the group units, Jordan’s Umniah increased its subscriber base by 31% quarter-on-quarter to above 2.3 million at the end of September, while Sabafon in Yemen’s user total reached 4.1 million customers, and Indian operator STel reported 3.5 million mobile customers at the same date. Batelco’s domestic cellular operations saw total subscribers decline by 10% year-on-year in 3Q11.

Bahrain, Bahrain Telecommunications Company (Batelco)