Batelco posts strong first half results
Profits and revenues were up at Bahrain's telecommunications provider as the company invested in customer service, extra capacity and new services.
Bahrain Telecommunications Company (Batelco) recorded improved revenue and profits for its first half ended June 30, 2001. The results were revealed by HE Shaikh Ali bin Khalifa Al Khalifa, Minister of Transport and chairman of Batelco.
Total revenue grew by 14%, although a BD figure was not disclosed, and net profit, before appropriation, rose by 3 per cent year on year to BD28.5 million. That represents a return on capital employed of 24% an annualised basis.
“These results are not a product of circumstance or chance; they arise from a clearly defined vision and the implementation of a disciplined strategy towards the achievement of the corporate and individual targets we set within the Group,” said Shaikh Ali. “This kind of achievement takes effort, energy and investment, and I believe that Batelco’s determined initiatives in this regard are evidenced in these results.”
This year has seen the launch of several initiatives. One major development was the opening of the flagship customer service centre in the GOSI Complex in March this year, followed by a centre on the King Fahad Causeway.
A new ‘e-Shop’ provided customers a way to interact with Batelco online. The GSM network was expanded to support 320,000 subscribers and ADSL, a high speed Internet access technology, was also introduced. At the corporate end of the market, Dense Wave Division Multiplex (DWDM) has been deployed to allow the transmission of large data volumes.
Shaikh Ali said that Batelco will continue to diversify across the region. The Bahraini PTT already owns stakes in ISPs in Saudi Arabia and Jordan.
Batelco celebrates the 20th anniversary of its establishment this year. The company said it distributed gratuities to customers and staff to mark the occasion and recognise their loyalty.