Batelco announces 2020 half -year Financial results

SectorFinancial Markets

Batelco announced its financial results for the first six months of 2020 (H1), the period ended 30 June 2020. Batelco announced net profits attributable to equity holders of the company for the first six months of 2020 of BD35.9M (US$95.2M), an increase of 6% from BD34.0M (US$90.2M) for the corresponding period of 2019.  Earnings per share (EPS) are 21.7 fils for the period compared to an EPS of 20.5 fils for H1 2019. Total comprehensive income attributable to equity holders for H1 2020 was reported at BD25.2M (US$66.8M) a decrease of 27% from BD34.4M (US$91.2M) in H1 2019. Revenues for H1 2020 were BD189.8M (US$503.4M), a decrease of 6% when compared to BD201.7M (US$535.0M) in H1 2019.  Consolidated revenues were impacted by the sale of Qualitynet, which contributed an more...