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Batelco Group Announces First Quarter 2012 Financial Results
 
 
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Reports BD16.1 million (US$42.7 million) Net Profit

Manama, Bahrain: Batelco Group (Ticker: BATELCO), the regional telecommunications operator of reference with operations across six countries, today announced its results for the first three months of the year ended 31 March 2012 ("the Period"). The period was marked by continued market leadership in the Kingdom of Bahrain, its home market, and solid contributions from overseas markets especially from Jordan and Kuwait.

Financial and Subscriber Highlights
* Gross Revenues of BD78.0M (US$206.9M) for the period;
* EBITDA of BD28.3M (US$75.1M) representing a 36% margin;
* Consolidated Net Income of BD16.1M (US$42.7M);
* One off BD2M adverse impact - share of Sabafon results relating to 2011 period;
* Group total subscriber count of 6.9M reflecting the STel impact;
* Diversified Group revenues with 38% of revenues and 34% of operating profit now sourced from markets outside Bahrain; and
* Cash and bank balance of BD61.8M(US$ 163.9M).

For further information, please contact Batelco Public Relations Office

Public.Relations@btc.com.bh / Fax +973 17611898

Press release posted on: Apr 27 2012

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CategoryDescription
Telecommunications
 
http://www.batelco.com
Country: Bahrain

Bahrain Telecommunications Company (Batelco) is the leading integrated communications provider in the Kingdom of Bahrain and an emerging force among the regions key telecommunications players.

Batelco serves both the corporate and consumer markets in the most liberalised and competitive environment in the Middle East, and remains committed to delivering cutting-edge telecommunications to its customers in Bahrain and the MENA region. The Company's management and staff are driven by an enthusiasm for delivering the best customer experience based on innovation, affordability and reliability of products and services.

Batelco's specialised services cover the full spectrum of telecommunications solutions for residential and business customers and span a comprehensive range of mobile services, international roaming, high-speed Internet connections, satellite services, WiFi, MPLS IP-VPN network provisioning and management, Datacoms services over fixed, wireless and internet platforms, managed services, systems integration and enterprise solutions.

Batelco has invested US$1.4 billion in Bahrain's telecom infrastructure over the past 26 years, including significant investment in Next Generation Networks infrastructure which has reinforced the Kingdom's position as a leading communications hub. The Company's shares are listed on the Bahrain Stock Exchange with a total capitalization of approx US$ 3.2 billion as of February 2008.

With an ongoing strategy to grow overseas, the Batelco Group incorporates joint venture operations in Jordan, Kuwait, Yemen, Saudi Arabia and Egypt.

Batelco Main Number 17 88 18 81













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