Batelco 9M revenue, EBITDA drop 1%, 3%

6 Nov 2019

Bahraini telecoms group Batelco reported a 1% year-on-year decrease in consolidated revenues for the first nine months of 2019 to BHD298.5 million (USD791.8 million), impacted moderately by its divestment of Kuwaiti ISP Qualitynet in May. Revenues outside of Bahrain accounted for 56% of Batelco’s total in 9M19, compared to 59% in the same period last year, as domestic turnover improved by 6% y-o-y in January-September including respective hikes in Bahraini fixed broadband, data communications and mobile sales of 12%, 13% and 5%. Group-wide EBITDA for the first three quarters decreased by 3% to BHD105.9 million, affected by a voluntary retirement programme, while EBITDA contribution from international operations jumped from 51% in 9M18 to 58% a year later. Batelco announced 9M19 net profit attributable to equity holders of BHD44.2 million, down 4% y-o-y from BHD46.0 million. The group’s total subscriber base slipped to 8.5 million at 30 September 2019, down from 8.7 million twelve months earlier.

Bahrain, Bahrain Telecommunications Company (Batelco)