Batelco reveals profit drop

21 October 2010

Bahrain’s Batelco has announced 17 per cent profit drop

Bahrain’s Batelco has announced its net profit for the nine months ended September 30, 2010 has dropped 17 per cent to BD66m ($175m) compared to the same period in 2009. Third quarter net profit stood at BD19.3m ($51.1m), while gross revenues for the nine months ended September 30, 2010 reached BD256.1m ($679.3m).

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