Bahrain based telecommunications company Batelco said it’s second-quarter net profit increased 12% year on year to BD20 million ($53.1 million).
The Board of Directors approves an interim cash dividend of 13.5% of paid-in capital for the first half of the year.
Revenues went up by one percent to BD98.4 million, while operating profit increased by 4% to BD24.7 million, the company said in a statement.
For the first half of 2022, total net profit attributable to equity 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 same period last year. For the first half, EPS stood at 22.9 fils, up slightly from 22.7 a year ago.
Batelco’s board of directors approved an interim cash dividend for shareholders of 13.5 fils per share, representing 13.5% of the company’s paid-up capital for the first half of the year.
According to the company, the balance sheet remains “strong” and as of June 30, this year the capital attribute to shareholders was 485.6 million BD.