Page 33 - SAMENA Trends - June-August 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

an essential part of our strategy, and our platform enables a paperless and efficient Bahrain. “We will continue to exchange
adoption of SAP Ariba’s digital solution supplier relations workflow, beginning best practices to support BNET’s cloud-
confirms our absolute commitment to with the submission of bids, to tenders, to based digital transformation journey and
continue optimizing our operations and signing agreements and issuing invoices.” growth as an Intelligent Enterprise.” Along
achieve further success and progress in “BNET’s innovative e-Marketplace platform with e-Marketplace, BNET launched a
our work.” BNET Director of Procurement shows how the organization is embracing new supplier relations page on its official
and Logistics Mr. Jaber Almosallam the world’s largest business-to-business website to help guide existing and potential
added: “The e-Marketplace project is part network to drive innovation in procurement vendors and provide the necessary support
of our efforts to enhance coordination and supplier relations, and also support to make the transition to its new digital
and communication with our network of Bahrain’s diversified economic growth,” platform a smooth and easy experience.
existing and future suppliers. The new said Hassan Saleh, Managing Director, SAP

Batelco Achieves H1 2021 Net Profit Attributable to Equity Holders of
BD37.5 Million; a 5 Per Cent YoY Increase

Batelco has announced its financial results from BD13.3M (US$35.3M) for the second Q2 2020, an increase of 3%. For the first
for the second quarter of 2021, the three quarter of 2020. Total comprehensive half of 2021, EBITDA increased by 4%
months ended 30 June 2021 (Q2), and for income attributable to equity holders of from BD81.8M (US$217.0M) in H1 2020
the first six months of 2021 (H1), the period the company for the first half of 2021 is to BD85.4M (US$226.5M) in H1 2021,
ended 30 June 2021. For the second quarter up by 87% from BD25.2M (US$66.8M) in with a healthy EBITDA margin of 43%.
of 2021, the three months ended 30 June H1 2020 to BD47.2M (US$125.2M) in H1 Batelco’s balance sheet remains strong
2021 (Q2), Batelco reported a 3% increase 2021. Revenues for the second quarter in with total equity attributable to equity
in net profit attributable to equity holders 2021 of BD98.4M (US$261.0M) increased holders of the company of BD487.9M
of the company of BD17.8M (US$47.2M) by 7% compared to BD92.2M (US$244.6M) (US$1,294.2M) as of 30 June 2021, 3%
compared to BD17.3M (US$45.9M) for in Q2 2020. Similarly, revenues for H1 higher than BD473.2M (US$1,255.2M)
Q2 2020. Likewise, net profits attributable 2021 were BD198.2M (US$525.7M), reported as of 31 December 2020. Total
to equity holders of the company for H1 an increase of 4% when compared to assets of BD1,007.4M (US$2,672.1M) as
2021 of BD37.5M (US$99.5M) increased BD189.8M (US$503.4M) of revenues in H1 of 30 June 2021 have increased by 2%
by 5% from BD35.9M (US$95.2M) for 2020. The increase in revenues is mainly compared to total assets of BD992.2M
the corresponding period of 2020. The due to YoY increases in fixed broadband, (US$2,631.8M) as of 31 December 2020.
increase in net profit is mainly attributable adjacent services and wholesale revenues Net assets as of 30 June 2021 which
to steady increases in revenues for the first of 18%, 16% and 5% respectively. Operating stand at BD526.5M (US$1,396.6M) are
six months of the year. Earnings per share profit for Q2 2021 is up by 4% to BD23.8M 3% higher than BD512.1M (US$1,358.4M)
(EPS) are 10.7 fils for the second quarter (US$63.1M) from BD22.9M (US$60.7M) reported as of 31 December 2020. The
of 2021 compared to 10.4 fils in Q2 2020 in Q2 2020; while year-on-year operating Company’s cash and bank balances are
resulting in an EPS of 22.7 fils for the period profits increased by 4% from BD47.4M a substantial BD196.4M (US$521.0M),
compared to an EPS of 21.7 for H1 2020. (US$125.7M) in H1 2020 to BD49.3M which reflects the 2020 final dividend of
Total comprehensive income attributable (US$130.8M) in H1 2021. EBITDA stands 16.5 fils per share paid in April 2021. The
to equity holders for Q2 2021 reported at at BD41.7M (US$110.6M) in Q2 2021 Board of Directors approved an interim
BD17.3M (US$45.9M), an increase of 30% compared to BD40.3M (US$106.9M) in cash dividend for shareholders of 13.5 fils

33 JUN-AUG 2021