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Bahrain’s telecommunications firm Batelco reported that its internet revenue for the second quarter rose by 12% year-on-year to BD20 million ($53.1 million).
Revenues went up by one % to BD98.4 million, whereas working revenue elevated by 4% to BD24.7 million, the corporate stated in a press release.
For the primary half of 2022, whole internet revenue attributable to fairness holders rose marginally by 1% to BD37.9 million.
Earnings per share (EPS) for the quarter stood at 12.1 fils, up from 10.8 fils in the identical interval final yr. For the primary half, EPS stood at 22.9 fils, up barely from 22.7 a yr in the past.
Batelco’s board of administrators authorised an interim money dividend for shareholders of 13.5 fils per share, representing 13.5% of the corporate’s paid-up capital for the primary half of the yr.
The corporate stated its stability sheet stays “robust”, with whole fairness attributable to fairness holders pegged at BD485.6 million as of June 30 this yr.
(Writing by Cleofe Maceda; modifying by Seban Scaria )
cleofe.maceda@lseg.com
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