Batelco achieves H1 2021 net profit attributable to equity holders of BD37.5M, a 5% YoY increase

Batelco achieves H1 2021 net profit attributable to equity holders of BD37.5M, a 5% YoY increase

Batelco announced its financial results for the second quarter of 2021, the three months ended 30 June 2021 (Q2), and for the first six months of 2021 (H1), the period ended 30 June 2021. For the second quarter of 2021, the three months ended 30 June 2021 (Q2), Batelco reported a 3% increase in net profit attributable to equity holders of the company of BD17.8M (US$47.2M) compared to BD17.3M (US$45.9M) for Q2 2020. Likewise, net profits attributable to equity holders of the company for H1 2021 of BD37.5M (US$99.5M) increased by 5% from BD35.9M (US$95.2M) for the corresponding period of 2020. The increase in net profit is mainly attributable to steady increases in revenues for the first six months of the year. Earnings per share (EPS) are 10.7 fils for the second quarter of 2021 compared to 10.4 fils in Q2 2020 resulting in an EPS of for the period compared to an EPS of 21.7 for H1 2020. Total comprehensive income attributable to equity holders for Q2 2021 reported at BD17.3M (US$45.9M), an increase of 30% from BD13.3M (US$35.3M) for the second quarter of 2020. Total comprehensive income attributable to equity holders of the company for the first half