Bahrain: Beyon net profit jumps 7% to $186.5mln in 2022

Bahrain: Beyon net profit jumps 7% to $186.5mln in 2022

Bahrain - Beyon, Bahrain’s leading telecom and technology powerhouse, has announced net profit attributable to equity holders of the company for Q4 2022 of BD16.2 million ($43 million), a 28% increase from BD12.7 million for the corresponding quarter of 2021. Earnings per share (EPS) are 9.8 fils for the fourth quarter of 2022 compared to 7.7 fils in Q4 2021.

For the full year of 2022, net profit was BD70.3 million ($186.5 million), an increase of 7% from BD65.9 million in 2021. Earnings per share (EPS) are 42.5 fils for the year compared to an EPS of 39.8 fils in 2021.

Beyon is the topco company of Batelco, the Beyon Digital Companies, and other international investments.

Total comprehensive income attributable to equity holders in Q4 2022 was reported at BD22.1 million ($58.6 million), a 97% increase from BD11.2 million in the fourth quarter of 2021, due to higher profit and foreign currency translation differences.

Revenues for Q4 2022 were BD104.6 million ($277.5 million) compared to BD103.3 million in Q4 2021, up by 1%. Operating profit for the fourth quarter of 2022 increased by 33% to BD24 million from BD18.1 million in Q4 2021, while EBITDA stood at BD41.8 million compared to BD37 million in