Batelco’s profits fall 17% in Q1

14 May 2013

Bahrain Telecommunications Company (Batelco) posted a 17% year-on-year fall in first-quarter net profit to BHD13.4 million (USD35.5 million), which it attributed mainly to fierce domestic competition, as consolidated revenues dropped by 9% to BHD71 million in January-March 2013, down from BHD78 million in Q1 2012. Bahraini operations accounted for 58% of total revenues in the quarter. Domestic subscribers decreased by 2% year-on-year.

Bahrain, Bahrain Telecommunications Company (Batelco)