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Batelco's strategy in delivering a full range of communications services that offer the widest choices for customers in Bahrain, and growing in regional markets, were the major factors in the company's strong overall performance for 2009, said group chairman Shaikh Hamad bin Abdulla Al Khalifa.
Batelco Group delivered the highest ever gross revenues from its Bahrain and six other operations, totalling BD346.9 million, a solid nine per cent growth year-on-year, and its highest ever net profit of BD105 million.
"We are very pleased to deliver this set of figures which were achieved by the successful uptake of world-class products and services, coupled with competitive offers and a diligent approach to cost containment across all operations," said Shaikh Hamad.
Group chief executive Peter Kaliaropoulos said that 2009 has been a significant milestone for Batelco in terms of new business ventures coupled with record results. Its expansion strategy has resulted in over 5.1 million mobile subscribers and 200,000 broadband customers from its operations in Bahrain, Jordan, Kuwait, Yemen and India.
